4118 N 3rd Ave - Apartments FOR SALE


Phoenix, AZ 85013- Midtown Phoenix
$635,000 USD
949-533-5594
4118 N 3rd Ave, Phoenix, AZ for Sale
$635,000 USD
Apartments - FOR SALE
1/13
null | 5.84% Cap Rate

4118 N 3rd Ave
Phoenix, AZ 85013
Midtown Phoenix


HIGHLIGHTS

  • 3 Units, Built in 1952
  • Unit Mix: (3) 1 Bedroom + 1 Bathroom
  • Recent Extensive Exterior Remodel Including New Sewer System, Roof, & HVAC
  • Extensive Interior Remodel Completed in 2012

OVERVIEW

4118 N 3rd Ave presents a unique opportunity to acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor. This property is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX piping, newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently 100% occupied with rents slightly below market providing a great upside opportunity. Broker of Record David Harrington License # CO701910000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

3

PRICE/UNIT

$211,667

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4118 N 3rd Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,720 SF

ZONING

R4

APN/PARCEL ID

155-32-058

ASK ABOUT THIS PROPERTY

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

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

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