About The Property

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 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.
Courtesy of Matthews Real Estate Investment Services 310-388-0788
Listing Snapshot
Days Online
32
Last Updated
Property Type
Multiple Dwellings
Year Built
1944
MLS Number
6986273
M. Logan
Top 2% performing AZ broker
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Additional Details

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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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30 Days Snapshot Of 85006
$506k
+6%
(avg) sold price
16
+77%
homes sold
78
-22%
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Monthly Payment
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