1421 E Fillmore St - Multi-Family FOR SALE


Phoenix, AZ 85006- Garfield
$850,000 USD
949-533-5594
1421 E Fillmore St, Phoenix, AZ for Sale
$850,000 USD
Multi-Family - FOR SALE
1/18
null | 5.85% Cap Rate

1421 E Fillmore St
Phoenix, AZ 85006
Garfield


HIGHLIGHTS

  • 4 Units | Built in 1983
  • Unit Mix: (4) 2+1
  • Average Unit Size: ±765 SF
  • Oversized Lot w/ Potential to Build Additional Units
  • 3 of 4 Units Currently Occupied with Month-to-Month Tenants

OVERVIEW

1421 E Fillmore is a well-maintained 4-unit apartment community located in the Garfield Submarket of Phoenix, AZ. Built in 1983, the property is comprised entirely of 2-bedroom, one-bath units averaging 765 Sq Ft. Each of the units have been updated to various levels by current ownership, with the most recently remodeled unit renting for $1,425; however future ownership will be able to capture additional upside through further interior and exterior upgrades. Additionally, the Garfield submarket has seen continued demand driven by its proximity to Downtown Phoenix, major employment centers, and expanding light-rail infrastructure. 1421 E Fillmore St presents a compelling opportunity to acquire a value-add asset in a centralized, high growth location, with both immediate income potential and long-term upside. Broker of Record David Harrington License # CO701910000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

5.85%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1421 E Fillmore St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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