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1402 E Jefferson Street, Phoenix, AZ

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1402 E Jefferson Street

Phoenix, AZ 85034-2346 - Eastlake Park MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1960
Stories:1 Building Size:5,600 SF Land Area:.16 AC (6,808 SF)
For Sale Price:$525,000 Price/Unit:$43,750.00 Cap Rate:7.31 % GRM:-


Sale Notes:
The Metro Parc Apartments is a 12 unit, single story community located near Downtown Phoenix. Residents enjoy the close proximity to many employment & recreation opportunities that this quality location offers. Walk to the light rail stop that allows tenants the freedom to enjoy all the amenities that Phoenix has to offer.

Wonderful opportunity for a Motel in Phoenix.

Recently renovated with newer paint, flooring and some appliances. Block construction. Some units are practically new. Average rent of $500/month. All units are month to month. 4 one bedroom apartments and 8 studio units.

Keep as apartments or convert to Motel for amazing cash flow. Fantastic central location close to I10, Loop 202 and HWY 51.

Walk to Downtown Phoenix.

Insignia CRE
Shane Benjamin
(602) 566-7205

Neil Sherman
(602) 566-7200

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