HIGHLIGHTS
- Five-unit multifamily in Central Phoenix with updated interiors and diverse floor plans for tenant flexibility.
- Current cap rate of 7.15% and NOI of $56,147, offering steady cash flow and attractive returns for investors.
- Seller financing available at 5.75% interest only with 40% down, providing flexible acquisition options.
- Prime location near Downtown Phoenix, Sky Harbor Airport, Loop 202, and I-10 for excellent connectivity.
- Value-add opportunity through continued interior and exterior renovations to capture additional upside.
- Low 23% expense ratio and competitive average unit rents of $1,214 support strong investment fundamentals.
FOR SALE DETAILS
PRICE
$785,000 USD
PRICE/SF
$269 USD /SF
# OF UNITS
5
PRICE/UNIT
$157,000
CAP RATE
7.15%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2242 E Taylor Street
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1944
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
116-01-043
ASK ABOUT THIS PROPERTY
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602-557-0605
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602-557-0605
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