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Off Market
1/28

1809 N 50th St
Phoenix, AZ 85008


HIGHLIGHTS


OVERVIEW

Papago Square Apartments is a low density, 15 unit community located in an up and coming neighborhood in Phoenix. Built in 1962, the one story property is comprised of fourteen spacious 2 bed/1 bath units and one 2 bed/1 bath detached home. The units are well maintained all with washer/dryer hook-ups and private fenced patio spaces. All units are individually metered for electricity and gas with individual roof mounted HVACS. The property has been professionally managed offering stabilized income. An opportunity exists to increase revenue through interior renovations and exterior updating. Improving curbside appeal can achieve higher rents and leverage the property's convenient location. Furthermore, the large, underutilized outdoor common area could be converted into a community amenity.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Papago Square - In Escrow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

12796

STORIES

1

YEAR BUILT

1962

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

126-20-008E