1747 E Virginia Ave - Apartments FOR SALE


Phoenix, AZ 85006- Encanto
$950,000 USD
949-533-5594
1747 E Virginia Ave, Phoenix, AZ for Sale
$950,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1747 E Virginia Ave
Phoenix, AZ 85006
Encanto


HIGHLIGHTS

  • 4-Unit Multifamily Investment | Built in 1971 – Well-maintained small multifamily asset featuring four total residential units
  • Desirable Unit Mix: Four (4) 2 Bedroom / 1 Bathroom Units – A highly marketable configuration that appeals to a broad tenant base
  • Average Unit Size of 690 Square Feet – Efficiently designed floor plans that maximize livability while maintaining strong rent-to-size ratios
  • Extensively Renovated Interior & Exterior – Property has undergone substantial upgrades, enhancing curb appeal and interior finishes
  • In-Unit Washer & Dryer in All Units – A premium amenity that improves tenant convenience, supports higher rents, and reduces turnover
  • Strategic Location Near Phoenix Children’s Hospital – Close proximity to a major medical employment hub

OVERVIEW

Matthews™ is pleased to present 1747 E Virginia Ave, a 4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children’s Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases. 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

$950,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Multi

APN/PARCEL ID

117-05-070A

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.