Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, Arizona. This exceptional community sits just across from the Celebrity Theater and near the Phoenix Sky Harbor International Airport with convenient freeway access. This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential. The buildings provide a total of 12 apartment units with balconies/patios across a total of 10,498 square feet. The units comprise a flexible mix of studio and one-bedroom apartments, as well as a three-bedroom house with an attached one-bedroom apartment. The studios currently rent at $750-850 (Market: $950), the one-bedroom units rent at $850 (Market $950), and the house rents for $1,300 with a $600 discount for the on-site property manager (Market: $1,500). A new owner will have the substantial upside to bring rents inline with the growing market average and generate elevated revenue. The Twelve on 32nd Apartments enjoys best-in-class placement in East Phoenix with easy access to major thoroughfares, including Highway 202 and 51, as well as Interstate 10. These bustling arteries connect residents to Downtown Phoenix in just ten minutes. The community is also adjacent to the Celebrity Theatre, blocks from the Valleywise Health Medical Center, and surrounded by the vital job centers that encompass the nearby airport. All facts and figures are approximate. Buyer to verify all MLS information.