1253 W Pierce St - Multi-Family FOR SALE


Phoenix, AZ 85007- Grand
$1,325,000 USD
602-714-8931
1253 W Pierce St, Phoenix, AZ for Sale
$1,325,000 USD
Multi-Family - FOR SALE
1/14
null | 5.93% Cap Rate

1253 W Pierce St
Phoenix, AZ 85007
Grand


OVERVIEW

1249 - 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

5.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1249 - 1253 W Pierce St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-5

APN/PARCEL ID

111-27-148F

ASK ABOUT THIS PROPERTY

Bryce NeagleABI MultifamilyMore Info
602-714-8931

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Bryce NeagleABI MultifamilyMore Info
602-714-8931

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