626 S Wilson St - Apartments FOR SALE


Tempe, AZ 85281- Downtown Tempe
$2,650,000 USD
480-516-2046
626 S Wilson St, Tempe, AZ for Sale
$2,650,000 USD
Apartments - FOR SALE
1/31
null | 5.26% Cap Rate

626 S Wilson St
Tempe, AZ 85281
Downtown Tempe


OVERVIEW

Venture on Wilson presents a rare opportunity to acquire a fully renovated 12-unit garden-style community in one of Tempe’s most dynamic and walkable neighborhoods. Originally built in 1960 and comprehensively modernized in 2019, this thoughtfully upgraded property features (10) 1-bed/1-bath units and (2) 2-bed/1-bath units, all outfitted with in-suite washers and dryers, stainless-steel appliances, shaker-style kitchen cabinetry, and subway tile backsplashes. Bathrooms have been updated with modern vanities and ceramic tile tub surrounds, offering a stylish and comfortable living experience. The property’s block construction and mature landscaping frame a peaceful communal courtyard, fostering a quiet and inclusive community atmosphere. Units are individually metered for electricity, reducing ownership expenses and enhancing tenant convenience.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

12

PRICE/UNIT

$220,833

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venture on Wilson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

R-3, Tempe

APN/PARCEL ID

124-33-066B,124-33-066D

ASK ABOUT THIS PROPERTY

480-516-2046

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

480-516-2046

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