A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional… Read More upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request. Read Less
Courtesy of Matthews Real Estate Investment Services 310-388-0788
Listing Snapshot
Days Online
156
Last Updated
Property Type
Multiple Dwellings
Year Built
1944
MLS Number
6986273
30 Days Snapshot Of 85006
$515k
0%
(avg) sold price
10
-41%
homes sold
83
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-In Range, Disposal, Refrigerator
Building
Built in 1944, Construction materials: "Wood Frame", "Painted", "Stucco", 5 total units
Cooling
Central Air, 2 or More Units
Expenses
Insurance: $1,500, Maintenance: $2,500, Water sewer: $3,480
Exterior Features
Sidewalk(s)
Floors
Ceramic Tile, Vinyl
Heating
Electric
Parking
Paved, Free, <1 Space Per Unit, 10 total parkings
Property
Zoning: R-4
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,093, Lot: 37
Utilities
APS, Individual Meter
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