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1809 N 50th Street - Papago Square, Phoenix, AZ

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1809 N 50th Street - Papago Square

Phoenix, AZ 85008-4256 - Papago Vista MF Submarket

Property Type:Multi-Family Number of Units:14 Status:Existing Year Built:1962
Stories:1 Building Size:11,760 SF Land Area:1.23 AC (53,396 SF)
For Sale Price:$1,200,000 Price/Unit:$85,714.29 Cap Rate:6.00 % GRM:-


Sale Notes:
Excellent location, just minutes from Downtown Phoenix, Downtown Scottsdale, Highway 51, 202, and Sky Harbor Airport. There is also major new development going on in the area. The property has excellent occupancy stability, and has a great tenant base. There are not many properties in the Phoenix market that have this kind of a location and upside potential. Most of the units have been recently rehabbed with many upgrades. This one will not be on the market.

GPCI Multifamily
Mark Skelpsa
(480) 430-5752

Terry Kass
(602) 703-5277

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