316 E Vogel Ave - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$950,000 USD
602-688-9279
316 E Vogel Ave, Phoenix, AZ for Sale
$950,000 USD
Apartments - FOR SALE
1/69
null | 5.55% Cap Rate

316 E Vogel Ave
Phoenix, AZ 85020
North Mountain


HIGHLIGHTS

  • Turnkey Investment: Fully upgraded triplex with 2 spacious 3BR units and 1 modern studio.
  • $24,000 in Recent CapEx: Fresh paint, new blinds, flooring, and appliances throughout.
  • Premium Appliances: New KitchenAid & GE kitchen packages installed July 2024 (no warranties).
  • Washer/Dryer in Each Unit: Added convenience and strong tenant appeal.
  • Updated Interiors: New laminate floors, modern baseboards, and repainted cabinets for a fresh look.
  • Exterior Enhancements: Repainted structures, brick walkways repaired, and upgraded landscaping.

OVERVIEW

Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors. Property Highlights: Two-Story House: Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided. Laundry: Equipped with a gas washer and dryer for added convenience. Recent Upgrades: Interior repainted, enhancing the home's fresh appeal ($2,000). Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800). New blinds installed throughout for added privacy and style ($500). Exterior freshly painted to boost curb appeal ($1,800). Modern appliances replaced ($1,200). One-Story House: Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties. Laundry: Includes a gas washer and dryer. Recent Upgrades: Newly repainted interior ($1,800). Updated blinds throughout ($800). Exterior painting completed to ensure a welcoming exterior ($1,800). Appliances replaced for tenant comfort ($1,200). Casita: Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties. Recent Upgrades: Interior repainted to refresh the space ($1,200). New blinds throughout for an elegant touch ($200). All flooring and baseboards replaced for a modern look ($4,200). Cabinets repaired and repainted for a like-new appearance ($800). Appliances replaced to ensure reliability and functionality ($1,200). On-Site Features: Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing. Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona's sunny weather. Site Improvements: Brick and walkway repairs completed for safety and aesthetics ($1,000). Landscaping and trimming enhance the property's natural beauty ($2,500). Financial Summary: Total Capital Expenditures (Last 3 Months): $24,000 Two-Story House: $7,300 One-Story House: $5,600 Casita: $7,600 On-Site Improvements: $3,500 316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don't miss this opportunity to own a versatile property in a thriving community! Buyer to verify all facts and figures. Invest in the Heart of Phoenix: Prime Real Estate Opportunities in 85020 Unlock the potential of one of Phoenix's most desirable neighborhoods with investment properties in the 85020 zip code. This area offers a unique blend of natural beauty, convenience, and growth potential, making it an ideal choice for savvy investors looking to expand their portfolio. Strategic Location 85020 is strategically situated in the foothills of North Mountain, providing both a picturesque setting and easy access to central Phoenix. The neighborhood’s location ensures high demand for rental properties and commercial investments, given its proximity to key business districts and major roadways. Healthcare Hub Investors can benefit from the area's close proximity to top-tier medical facilities, including John C. Lincoln Medical Center. With the hospital's reputation for excellent care and the ongoing demand for healthcare services, properties near this facility are likely to attract long-term tenants and offer stable returns. Parks and Recreation The proximity to North Mountain Park and other recreational areas adds significant value to properties in 85020. The park's hiking trails, picnic spots, and natural beauty make the neighborhood a desirable location for those who value outdoor activities, thereby increasing the appeal of rental and commercial properties. Growing Community 85020 is a community on the rise, with ongoing development and revitalization efforts enhancing its appeal. Investing in this area means capitalizing on a neighborhood that is set for appreciation and increased demand. The local market is buoyed by a mix of residential, commercial, and recreational attractions that draw a diverse and growing population. Investment Opportunities From multi-family units to commercial real estate, 85020 offers a variety of investment opportunities. The area's steady demand for housing and businesses creates a promising environment for rental income and property value growth. Whether you’re considering residential rental properties, mixed-use developments, or commercial ventures, 85020 provides a solid foundation for successful investments. Why 85020? Investing in 85020 means positioning yourself in a flourishing area with high growth potential and strong community ties. With its strategic location, access to healthcare, recreational amenities, and ongoing development, this neighborhood presents a compelling opportunity for real estate investors looking to make a wise investment in Phoenix. Explore the potential of 85020 and discover why it’s the right choice for your next real estate investment. Embrace a future of growth and prosperity in this vibrant Phoenix community.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

5.55%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex for sale in above average condition

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,375 SF

ZONING

R-3

APN/PARCEL ID

159-45-070

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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