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38 E Mariposa Street - Mariposa Apartments, Phoenix, AZ

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38 E Mariposa Street - Mariposa Apartments

Phoenix, AZ 85012-1600 - Encanto MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1955
Stories:1 Building Size:5,745 SF Land Area:.46 AC (19,946 SF)
For Sale Price:$1,175,000 Price/Unit:$167,857.14 Cap Rate:4.10 % GRM:-

Parking:2.95 Parking Spaces / 1,000 SF

Property Description: Multi Family - 7 Units

Sale Notes:
A rare rental property located right at Camelback and Central Ave. Walking distance to one of the hottest entertainment areas in Phoenix. This is one of the only properties in the area available for purchase. The complex has had many upgrades and always stays full. There is a beautiful landscaped courtyard in the middle of the complex, extra storage and covered parking in the back, and shared backyard areas. All of the interiors have there own unique style, leaning towards the Retro Look. In todays exciting rental market, this property offers many different options to a buyer, each one providing great returns and upside.

GPCI Multifamily
Mark Skelpsa
(480) 430-5752

Terry Kass
(602) 703-5277

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