2608 W Pierson St - Apartments FOR SALE


Phoenix, AZ 85017
$799,995 USD
561-269-9525
2608 W Pierson St, Phoenix, AZ for Sale
$799,995 USD
Apartments - FOR SALE
1/34
null | 6.53% Cap Rate

2608 W Pierson St
Phoenix, AZ 85017


OVERVIEW

Four at Pierson | W Pierson Street | Phoenix, AZ 85017 Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a fully remodeled converted fourplex investment opportunity in the heart of Phoenix. This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure. All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: Fully remodeled fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.

FOR SALE DETAILS

PRICE

$799,995 USD

PRICE/SF

$333 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,999

CAP RATE

6.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

8

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

Sophia WilletsOne Sotherby'sMore Info
561-269-9525

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Sophia WilletsOne Sotherby'sMore Info
561-269-9525

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