4309 N 13th Pl - Apartments FOR SALE


Phoenix, AZ 85014- Midtown Phoenix
$1,980,000 USD
602-703-5277
4309 N 13th Pl, Phoenix, AZ for Sale
$1,980,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

4309 N 13th Pl
Phoenix, AZ 85014
Midtown Phoenix


HIGHLIGHTS

  • Single-level, mostly block duplexes with fenced backyards
  • Large, grassed and secure courtyard with gazebo
  • Professionally repositioned in 2022
  • On-site laundry
  • Almost new roofs and HVAC’s

OVERVIEW

Kings Park is an 8-unit, block-constructed, single-level apartment community with fenced backyards, an on-site laundry plus a large, grassed courtyard with a sizeable gazebo for BBQ’s and family picnics. There are seven, one-bedroom units (650-672 sf), with one large, three-bed, two-bath unit (1,040 sf). For tenants, this offers a quiet home and easy access from two gated and secure entrances. It’s also perfect for a tenant with a small pet with the backyard, grass front, the park to the east and the AZ walking and bike canal to the south. For the owner, the roofs and HVAC’s are near new and each of the unit interiors were professionally repositioned in 2022 with very attractive kitchens, including a high-demand gas stove. Situated in a desirable central Phoenix neighborhood, the property is close to the iconic Biltmore Fashion Park with extensive shopping, many casual to fine dining restaurants and the Lifetime Fitness Health Club. To the east is the 7th Street Corridor, with easy access to AZ-51, the Phoenix Indian Medical Center and some of the best boutique restaurants in town. To the west is Central Avenue with many high-rise offices, plus direct access to downtown Phoenix and the metro Light Rail. Almost adjacent to King’s Park is the high-demand Madison School District including the Madison Park Middle School, the Madison Highland Prep. and the Madison Camelview Elementary School. It is also across the street from Madison Park, which includes pool and sports facilities, and just north of the AZ Canal bike and running path.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$247,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,400 SF

ZONING

M-M

APN/PARCEL ID

155-08-068

ASK ABOUT THIS PROPERTY

Terry KassColdwell Banker CommercialMore Info
602-703-5277

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Terry KassColdwell Banker CommercialMore Info
602-703-5277

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