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