2301 N 27th St - Apartments FOR SALE


Phoenix, AZ 85008- East Side
$935,000 USD
602-714-8994
2301 N 27th St, Phoenix, AZ for Sale
$935,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2301 N 27th St
Phoenix, AZ 85008
East Side


OVERVIEW

This extensively renovated 4-unit garden-style property, originally built in 1955 and 1986 and modernized in 2024, offers a premium turnkey investment opportunity in a central Phoenix location. The unit mix includes two large 1-bedroom/1-bathroom units and two spacious 2-bedroom/1-bathroom units, each featuring in-suite washer and dryers. With approximately $75,000 in capital improvements invested per unit, the property has been fully upgraded with new flooring, cabinetry, countertops, electrical systems, walk-in showers, stainless steel appliances, and more. Ideally located near Phoenix Children's Hospital, Phoenix Country Club, and Coronado Park, the property also provides convenient access to State Route 51, making it attractive to both tenants and long-term investors. Additionally, the property is individually metered for electricity, further streamlining operational efficiency.

FOR SALE DETAILS

PRICE

$935,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

4

PRICE/UNIT

$233,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R4

APN/PARCEL ID

120-33-022B

ASK ABOUT THIS PROPERTY

Andrew ArambulaABI MultifamilyMore Info
602-714-8994

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Andrew ArambulaABI MultifamilyMore Info
602-714-8994

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