1232 E Virginia Ave - Apartments FOR SALE


Phoenix, AZ 85006- Encanto
$895,020 USD
602-373-9729
1232 E Virginia Ave, Phoenix, AZ for Sale
$895,020 USD
Apartments - FOR SALE
1/12
null | 6.11% Cap Rate

1232 E Virginia Ave
Phoenix, AZ 85006
Encanto


HIGHLIGHTS

  • Turnkey Investment Opportunity
  • New Energy-Efficient Windows
  • Low-Maintenance Asset
  • Near Downtown Phoenix & Major Hospitals
  • Brick Construction

OVERVIEW

**Rare Turnkey Triplex Investment | Central Phoenix (85006)** Rare opportunity to acquire a turnkey triplex in the highly desirable Central Phoenix 85006 submarket. This well-maintained, brick-constructed property features three updated units with recent renovations, including new energy-efficient windows and modern interior finishes. Property amenities include central air conditioning, natural gas heating, concrete flooring, standard kitchen appliances, and assigned paved parking. The durable brick construction and recent improvements provide a low-maintenance investment opportunity. Tenants are responsible for electricity, natural gas, and cable, helping minimize owner operating expenses. Ideally located near Downtown Phoenix, Banner University Medical Center, Phoenix Children's Hospital, major employment centers, public transportation, and freeway access, the property benefits from strong rental demand and excellent long-term appreciation potential. **Property Highlights** * Turnkey triplex * Solid brick construction * Updated interiors * New energy-efficient windows * Central A/C * Natural gas heating * Assigned paved parking * Tenants pay electricity, gas, and cable * Strong Central Phoenix (85006) location * Low-maintenance investment opportunity

FOR SALE DETAILS

PRICE

$895,020 USD

PRICE/SF

$403 USD /SF

# OF UNITS

3

PRICE/UNIT

$298,340

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1232 E Virginia AV

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M-M

APN/PARCEL ID

117-21-120

ASK ABOUT THIS PROPERTY

Luis EspinozaGILE Commercial Real EstateMore Info
602-373-9729

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Luis EspinozaGILE Commercial Real EstateMore Info
602-373-9729

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.