4332 N 27th St - Apartments FOR SALE


Phoenix, AZ 85016- Biltmore
$1,095,000 USD
480-703-8955
4332 N 27th St, Phoenix, AZ for Sale
$1,095,000 USD
Apartments - FOR SALE
1/2
null | 7.54% Cap Rate

4332 N 27th St
Phoenix, AZ 85016
Biltmore


HIGHLIGHTS

  • 5 Units: (4) 2×1 & (1) 3×1; Built in 1943 & 1964
  • Average Unit Size: ±860 – ±1,080 SF
  • Separately Parceled – Flexible Financing (75% LTV, 6.75% Rate)
  • Value-Add Opportunity in Biltmore Submarket
  • Each Unit Includes Washer & Dryer; Electric Individually Metered
  • Combined Lot Size: ±.38 Acres (±16,552 SF)

OVERVIEW

4332 N 27th St is a 5-unit multifamily community located in the Biltmore Submarket. Originally constructed in 1943 & later built in 1964, the asset sits in a high rental demand area within walking distance to Biltmore Fashion Park, and within close proximity to Downtown Phoenix. 4332 N 27th St features an attractive unit mix of (4) two-bedroom, one-bathroom units and (1) three-bedroom, one-bathroom unit that have been well-maintained and updated throughout ownership. Additionally, the property sits on two separate parcels, allowing for flexible financing or the opportunity to sell them off individually in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,000

CAP RATE

7.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

163-08-019A,163-08-019B

ASK ABOUT THIS PROPERTY

Kyle InmanMatthews Real Estate Investment ServicesMore Info
480-703-8955

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Kyle InmanMatthews Real Estate Investment ServicesMore Info
480-703-8955

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