2608 W Pierson St - Apartments FOR SALE


Phoenix, AZ 85017
$860,000 USD
949-533-5594
2608 W Pierson St, Phoenix, AZ for Sale
$860,000 USD
Apartments - FOR SALE
1/11
null | 5.98% Cap Rate

2608 W Pierson St
Phoenix, AZ 85017


HIGHLIGHTS

  • 4 units, Built in 1961 / Renovated in 2023
  • Unit Mix: (4) 1×1
  • Avg. Unit Size: ±601 SF
  • Current Average Rent: $1,488
  • Fully Renovated Unit Interiors
  • Close proximity to Grand Canyon University and the I-17 corridor

OVERVIEW

2608 W Pierson St is a renovated 4-unit multifamily community located in Phoenix, AZ. Originally built in 1961, the property sits just minutes from Grand Canyon University and consists of (4) thoughtfully remodeled 1-bedroom units. Previous renovations completed in 2023 include new landscaping and fencing, exterior paint, windows, stainless steel appliances, vinyl flooring, and white shaker cabinetry. Future ownership will have the opportunity to acquire a well-performing asset requiring minimal ongoing maintenance costs. Situated within close proximity to Grand Canyon University, one of Phoenix’s largest private universities with over 107,000 students (online + on-campus), 2608 W Pierson benefits from strong rental demand driven by students, faculty, and young professionals. The area has seen significant investment in infrastructure, retail, and mixed-use development in recent years, boosting both livability and long-term value. Broker of Record David Harrington License No. CO701910000 (AZ) (866) 889-0550 Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100,

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

4

PRICE/UNIT

$215,000

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PIERSON APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

M-M

APN/PARCEL ID

154-04-017A

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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