602-606 E San Juan Ave - Apartments FOR SALE


Phoenix, AZ 85012- Uptown Phoenix
$1,750,000 USD
949-533-5594
602-606 E San Juan Ave, Phoenix, AZ for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | 5.39% Cap Rate

602-606 E San Juan Ave
Phoenix, AZ 85012
Uptown Phoenix


HIGHLIGHTS

  • 8 Units, Built in 1948
  • Unit Mix: (5) 1+1, (3) 2+1
  • 18% Potential Rental Upside
  • Separately Parceled for Residential or Commercial Financing
  • Value-Add Potential
  • Highly Desirable Uptown Phoenix Submarket

OVERVIEW

San Juan Apartments is an 8-unit multifamily community located in the Uptown Phoenix Submarket of Phoenix, AZ. Originally constructed in 1948, the asset sits across two separate parcels, adjacent to the Yard at Culinary Dropout and many other shopping & dining options. The property consists of a mix of one- and two-bedroom floor plans, each with private back patios. The interiors of the units feature a variety of finishes but have each undergone various updates throughout recent years. These updates include granite countertops, laminate flooring, new appliances and vanities, and updated cabinetry. The community amenities include a private courtyard area, 3-enclosed garages that allow for additional income, on-site laundry facilities, and covered parking. This is a unique opportunity to acquire a value-add asset in one of Phoenix’s most desirable locations. Broker of Record David Harrington License No. CO701910000 (AZ) (866) 899-0550 Matthews Real Estate Investment Services, Inc. 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

5.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Juan Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

162-35-010,162-35-011

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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