2122 W Augusta Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Phoenix
$1,140,000 USD
602-688-9279
2122 W Augusta Ave, Phoenix, AZ for Sale
$1,140,000 USD
Apartments - FOR SALE
1/16
null | 6.15% Cap Rate

2122 W Augusta Ave
Phoenix, AZ 85021
North Phoenix


HIGHLIGHTS

  • Extensive Rehabilitation: Close to half a million dollars invested in transforming the property into a modern, high-quality asset.
  • Luxury Finishes Throughout: Each unit features quartz countertops and stylish upgrades that attract quality tenants and command premium rents.
  • Smooth Stucco Exterior: Offers a fresh, modern aesthetic with enhanced curb appeal.Fully Leased: Consistent rental income with all units currently oc
  • Must buy 2124 W Augusta concurrently
  • Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels:
  • Residential Financing Available – Ideal for owner-occupants or first-time investors looking for strong cash flow in a quality property.

OVERVIEW

ully Renovated 4-Plex – Premium Investment Opportunity in Central Phoenix-may buy this 4 plex or couple with the front triplex for an opportunity to buy 7 units using residential financing. Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels: 2122 W Augusta Ave, Phoenix, AZ 85021 Step into luxury with this completely revitalized 4-unit multifamily investment. With nearly $500,000 in rehabilitation work, this stunning property sets a new standard in quality and design—perfect for both new and seasoned investors. ?? Property Highlights: ? Extensive Rehabilitation: Close to half a million dollars invested in transforming the property into a modern, high-quality asset. ? Luxury Finishes Throughout: Each unit features quartz countertops and stylish upgrades that attract quality tenants and command premium rents. ? Smooth Stucco Exterior: Offers a fresh, modern aesthetic with enhanced curb appeal. ? Unmatched Attention to Detail: Every corner reflects care and craftsmanship—this isn’t your average rehab. ? High Tenant Appeal: Fully leased and providing stable income from day one. ?? Investment Flexibility: ? Residential Financing Available – Ideal for owner-occupants or first-time investors looking for strong cash flow in a quality property. ? Commercial Financing Options – Perfect for experienced investors interested in scalable returns and portfolio growth. ?? Combined Purchase Advantage: Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels: ? Fully Leased: Consistent rental income with all units currently occupied. ? Turnkey Investment: Both properties have been meticulously renovated, making them completely move-in and rent-ready. ?? Buyer to verify all facts and figures. No detail has been spared in making this property a premier income-producing asset. Ready to make a strategic investment in a rapidly growing submarket? Contact me today to schedule a tour or view more details at: ?? www.justsoldit.com/team-gerchick-listings Discover the Dynamic 85021: Where Connectivity Meets Community Located in North Phoenix, ZIP code 85021 offers a vibrant blend of urban accessibility, educational resources, and emerging employment opportunities. The area is undergoing significant redevelopment, enhancing its appeal for residents and businesses alike. Transportation & Accessibility Interstate 17 Access-Situated just west of I-17, residents enjoy seamless travel to downtown Phoenix and beyond. Valley Metro Light Rail-The newly opened **Thelda Williams Transit Center** serves as the northwestern terminus of the Valley Metro Rail's Northwest Extension Phase II. This elevated station provides direct access to downtown Phoenix, the East Valley, and, upon completion, south Phoenix. Bus Routes-The transit center is served by Valley Metro Bus Routes 27, 35, 90, 106, and the I-17 Rapid, offering comprehensive public transportation options. Education & Community Services Arizona School for the Deaf and Blind** A cornerstone of the community, this specialized educational institution provides essential services and education for students with sensory disabilities. Employment & Development The Metropolitan-The former Metro-center Mall is being redeveloped into **The Metropolitan**, an $850 million, 68-acre mixed-use urban village featuring over 1,200 townhomes, retail spaces, restaurants, parks, and bike paths. Formation Park 17-Adjacent to The Metropolitan, this new 22-acre business park is set to include four industrial buildings totaling 425,280 square feet, targeting industries such as manufacturing, semiconductors, and warehouse and distribution. Retail & Recreation The Loop-A central feature of The Metropolitan, this pedestrian-friendly retail plaza will offer shops, restaurants, bars, parks, a splash pad, and an outdoor entertainment venue. Parks & Amenities-The development includes green spaces, an amphitheater for concerts and movie nights, and rooftop amenities such as a restaurant, pool, and pickleball courts. The redevelopment of The Metropolitan aims to create a walkable, transit-oriented community that serves as a vibrant hub for residents and visitors. With its strategic location, diverse amenities, and commitment to sustainability, 85021 is poised to become a premier destination in Phoenix.

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$521 USD /SF

# OF UNITS

4

PRICE/UNIT

$285,000

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buy 7 units using Residential Loan-2 Parcels

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-3

APN/PARCEL ID

157-21-016C

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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