2124 W Augusta Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Phoenix
$855,000 USD
602-688-9279
2124 W Augusta Ave, Phoenix, AZ for Sale
$855,000 USD
Apartments - FOR SALE
1/3
null | 6.26% Cap Rate

2124 W Augusta Ave
Phoenix, AZ 85021
North Phoenix


HIGHLIGHTS

  • Fully remodeled triplex located in the heart of North Phoenix plus fully occupied
  • Eligible for residential financing with two-parcel layout
  • Interiors feature wood-look tile, fresh paint, and open-concept living spaces
  • Kitchens include quartz countertops, stainless steel appliances, and ample cabinetry
  • Fully leased, income-producing investment in a high-demand rental market
  • Energy-efficient upgrades with dual-pane windows, new doors, and hot water heaters

OVERVIEW

Own Your Piece of Phoenix: Fully Remodeled Triplex 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. The price above is for the Triplex only. **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.* iscover 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

$855,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

3

PRICE/UNIT

$285,000

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buy a Total of 7 units w/2122 W Augusta

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,290 SF

ZONING

R-3

APN/PARCEL ID

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.