521 W Maryland Ave - Multi-Family FOR SALE


Phoenix, AZ 85013- North Phoenix
$1,200,000 USD
602-619-9884
521 W Maryland Ave, Phoenix, AZ for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/22
null | Request Cap Rate

521 W Maryland Ave
Phoenix, AZ 85013
North Phoenix


OVERVIEW

Advantageously placed just East of 7th Avenue and Maryland Avenue intersection and hidden within one of Central Phoenix's affluent residential areas is Malibu on Maryland (“the property”). This Fourplex primely located in the heart of the iconic Uptown submarket within North Central Phoenix and offers proximity to two of Phoenix Metro's major transportation arteries, State Route 51and Interstate 17, providing residents direct access to nearly any destination across The Valley. Some of those nearby destinations include the most prominent employment and entertainment corridors in the state. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers. Built in 1954 and fully renovated in 2021, Malibu on Maryland is comprised of (2) one-bedroom one-bathroom and (2) two-bedroom one-bathroom floorplans covering an average of ±794 square feet. All units have been renovated with interior upgrades including new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryers.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Malibu on Maryland

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

161-31-003

ASK ABOUT THIS PROPERTY

Darrell MoffittMarcus & MillichapMore Info
602-619-9884

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Darrell MoffittMarcus & MillichapMore Info
602-619-9884

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