1620 E Palm Ln - Apartments FOR SALE


Phoenix, AZ 85006- Coronado
$1,000,000 USD
505-980-3726
1620 E Palm Ln, Phoenix, AZ for Sale
$1,000,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1620 E Palm Ln
Phoenix, AZ 85006
Coronado


OVERVIEW

1620 E Palm Lane is an opportunity to acquire an asset that is leased, renovated, and able to provide strong cash flow for 7 units in Coronado. There is a ton of land available for many uses. For an investor looking to maximize their returns, there is also an opportunity to build an additional 3-4 units & exponentially increase the returns. Current zoning overlays may also allow for subdividing parcels for a BTR development in the front part of the property. Sellers are open to providing buyers with time to finalize plans for new units. Find an awesome opportunity to get creative and buy an asset in a strong sub-market for a low basis!

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Palm Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R3/R4

APN/PARCEL ID

117-15-082

ASK ABOUT THIS PROPERTY

Cody LeslieORION Investment Real EstateMore Info
505-980-3726

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Cody LeslieORION Investment Real EstateMore Info
505-980-3726

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