HIGHLIGHTS
- 100% occupied 9-unit multifamily with stable cash flow and value-add upside.
- Diverse unit mix: studios, 1BR, 2BR, and a large 3BR unit over 1,000 SF.
- Strategic Phoenix location near Downtown, Sky Harbor Airport, Loop 202, and I-10.
- Recent full sewer line replacement mitigates major capital expense risk.
- Attractive price per unit at $115,555 and price per SF at $241.
- Pro forma cap rate of 7.78% with NOI of $78,335 and proven rent growth.
FOR SALE DETAILS
PRICE
$1,040,000 USD
PRICE/SF
$242 USD /SF
# OF UNITS
9
PRICE/UNIT
$115,556
CAP RATE
7.53%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1946
PARKING SPACES
4
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
M-H
APN/PARCEL ID
121-65-014,121-65-018
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602-557-0605
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602-557-0605
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