423 N 27th Street - Apartments FOR SALE


Phoenix, AZ 85016- Biltmore
$5,400,000 USD
602-989-9487
423 N 27th Street, Phoenix, AZ for Sale
$5,400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

423 N 27th Street
Phoenix, AZ 85016
Biltmore


HIGHLIGHTS

  • 20-Unit, Single-Story Apartment Community
  • All Units Feature 2 Bedrooms / 1 Bathroom
  • Private, Fully Fenced Front Yards for Each Unit
  • Community Amenities Include a Pool and Covered Parking
  • Extensively Renovated in 2017 – Interior and Exterior Upgrades

OVERVIEW

Hampton on 27th is a boutique, 20-unit, single-story multifamily community located in the heart of Phoenix’s prestigious Biltmore District, an area known for its affluence, strong tenant demand, and long-term value stability. Fully renovated in 2017, each 875 square-foot unit features two bedrooms, one bathroom, and a private, fully fenced front yard, blending lowdensity living with desirable outdoor space. The property offers covered parking and a community pool, and is individually metered for electric. Situated on over 1.2 acres with close proximity to major employment corridors, high-end retail, and premier lifestyle amenities, this property is a rare opportunity to own a cash-flowing asset in Phoenix.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

20

PRICE/UNIT

$270,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton on 27th Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,363 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

163-05-011B,163-05-019

ASK ABOUT THIS PROPERTY

Linda Fritz-SalazarORION Investment Real EstateMore Info
602-989-9487

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

Linda Fritz-SalazarORION Investment Real EstateMore Info
602-989-9487

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