6228 S 12th St - Apartments FOR SALE


Phoenix, AZ 85042- South Mountain
$695,000 USD
602-321-9040
6228 S 12th St, Phoenix, AZ for Sale
$695,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

6228 S 12th St
Phoenix, AZ 85042
South Mountain


HIGHLIGHTS

  • Owner/occupant investment opportunity
  • Flexible financing options: Residential/FHA/VA
  • Diverse mix appealing to both single tenants and families
  • Fully Stabilized
  • Strong rental demand in South Phoenix submarket/ Convenient access to I-10 and Sky Harbor Airport
  • Opportunity for renovation and rental upside

OVERVIEW

6228 SOUTH 12TH STREET IS A 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY LOCATED IN PHOENIX, ARIZONA 85042, LISTED AT $695,000, WITH A RECENT $70,000 PRICE REDUCTION. THE PROPERTY FEATURES A UNIQUE UNIT MIX CONSISTING OF THREE STUDIOS AND ONE 3-BEDROOM/2-BATHROOM HOUSE, MAKING IT APPEALING TO BOTH SINGLE TENANTS AND FAMILIES. CURRENTLY FULLY STABILIZED, THE ASSET OFFERS FLEXIBLE FINANCING OPTIONS INCLUDING RESIDENTIAL, FHA, AND VA LOANS, CREATING AN ATTRACTIVE OWNER/OCCUPANT INVESTMENT OPPORTUNITY. THE PROPERTY PRESENTS ADDITIONAL UPSIDE THROUGH RENOVATION AND RENTAL RATE GROWTH, SUPPORTED BY STRONG RENTAL DEMAND IN THE SOUTH PHOENIX SUBMARKET. IDEALLY POSITIONED WITH CONVENIENT ACCESS TO I-10 AND SKY HARBOR INTERNATIONAL AIRPORT, THE PROPERTY SITS JUST 5.2 MILES FROM DOWNTOWN PHOENIX AND 3.7 MILES FROM SOUTH MOUNTAIN PRESERVE.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

4

PRICE/UNIT

$173,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12th Street 4 Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,520 SF

ZONING

R-6

APN/PARCEL ID

114-27-063

ASK ABOUT THIS PROPERTY

Leo PataqORION Investment Real EstateMore Info
602-321-9040

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Leo PataqORION Investment Real EstateMore Info
602-321-9040

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