2122-2124 W Augusta Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Phoenix
$1,990,000 USD
602-688-9279
2122-2124 W Augusta Ave, Phoenix, AZ for Sale
$1,990,000 USD
Apartments - FOR SALE
1/26
null | 6.07% Cap Rate

2122-2124 W Augusta Ave
Phoenix, AZ 85021
North Phoenix


HIGHLIGHTS

  • Buy 7 Units with 2 residential loans (2 Parcels)
  • Completely Remodeled and Fully Occupied
  • Full Size Washer and Dryers
  • Quartz Counter Tops and Wood Grained Ceramic Tile in Every Unit
  • LARGE Storage Rooms for Each Unit
  • Dual Payne Windows, Dishwashers in every unit along with built in Microwaves

OVERVIEW

Own Your Piece of Phoenix: Fully Remodeled 7-Unit Multifamily Opportunity! **Location, Luxury, and Investment Potential Await!** Discover a rare opportunity to own a fully remodeled and leased 7-unit apartment building nestled in the vibrant heart of North Phoenix. This property spans two parcels, making it eligible for residential financing—a unique advantage for savvy investors and homeowners alike. **Key Features:** - **Modern Interiors:** Recently upgraded with fresh paint, wood-like tile flooring, and spacious living/dining areas. - **Energy Efficiency:** New dual pane windows, doors, and hot water heaters enhance comfort and reduce utility costs. - **Gourmet Kitchens:** Featuring ample cabinets, luxurious quartz countertops, and sparkling stainless steel appliances. - **Comfortable Living:** Bedrooms flooded with natural light, upgraded ceiling fans, and walk-in closets. - **Upscale Bathrooms:** Completely renovated to offer modern comfort and style. - **Exterior Appeal:** Even and smooth stucco finish, with private backyards for the rear units. - **Additional Income Potential:** Includes two onsite storage rooms, offering extra revenue streams. **Prime Location:** Located in North Phoenix, where historic charm meets trendy establishments. Enjoy proximity to renowned restaurants, shopping centers, and convenient access to major transportation routes. **Investment Highlights:** - Fully leased with immediate income generation. - Ideal for residential financing, maximizing investment opportunities. - Potential for continued growth in a thriving rental market. **Don't Miss Out!** Seize this exceptional opportunity to own a meticulously remodeled 7-unit multifamily property in one of Phoenix's most sought-after neighborhoods. Whether you're looking to invest or searching for a stylish home with income potential, this property promises unmatched value. **Act Now!** Contact us today to schedule a viewing and secure your stake in Phoenix's booming real estate market. Verify all facts and figures, and envision the potential of owning a property that blends modern luxury with strategic investment advantages. *Disclaimer: Buyer to verify all facts and figures. *Investment and residential financing subject to lender approval. All information deemed reliable but not guaranteed.* The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children's Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities. Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants. One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city's many attractions without having to worry about driving and parking. The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields. In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$592 USD /SF

# OF UNITS

7

PRICE/UNIT

$284,286

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Unit 100% Occupied/2 parcels REMODELED

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R-3, R-4

APN/PARCEL ID

157-21-016C,157-21-016D

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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