825 E Missouri Ave - Apartments FOR SALE


Phoenix, AZ 85014- Uptown Phoenix
$2,709,000 USD
602-435-3636
825 E Missouri Ave, Phoenix, AZ for Sale
$2,709,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

825 E Missouri Ave
Phoenix, AZ 85014
Uptown Phoenix


HIGHLIGHTS

  • In Suite Washer & Dryers
  • New Kitchens & Bathrooms With Quartz Countertops and Tiled Backsplashes and Tub Surrounds
  • New Plumbing, Electrical, Floors, HVAC Units
  • New Doors, Dual Pane Windows, New Roof and Fencing
  • Ample Street Parking in Front of Units
  • Single Story Garden Style with Modern Desert Landscaping

OVERVIEW

CBRE is pleased to present Missouri Apartments, a meticulously renovated 10-unit multifamily community located in the heart of central Phoenix. Originally constructed in 1954 and completely renovated in 2019, this property offers spacious and thoughtfully designed living spaces. Each unit features a desirable one-bedroom, one-bathroom floor plan, providing approximately 500 square feet of comfortable living space. Residents of Missouri Apartments benefit from modern, stylish interiors equipped with individual HVAC systems, convenient in-unit washers and dryers, dishwashers, and microwaves. The units also boast stainless steel appliances, contemporary backsplashes, elegant quartz/granite countertops in the kitchen and bathrooms, and durable, attractive wood plank vinyl flooring throughout. Having undergone a comprehensive renovation in 2019, this property presents a truly turnkey investment opportunity. The extensive renovations encompassed a complete overhaul, including all-new plumbing, electrical systems, a brand-new roof, and modern, energy-efficient HVAC units. Furthermore, the property boasts new doors and windows throughout, enhancing both aesthetics and energy efficiency. This meticulous attention to detail means that all the major, costly renovations have already been completed, freeing future ownership from the burden of immediate capital expenditures. Located in a prime area of Uptown Phoenix, this investment offers immediate cash flow and the peace of mind knowing that the critical infrastructure is completely updated and ready for years of reliable service, making it an exceptional choice for investors seeking a low-maintenance, high-return asset.

FOR SALE DETAILS

PRICE

$2,709,000 USD

PRICE/SF

$542 USD /SF

# OF UNITS

10

PRICE/UNIT

$270,900

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Missouri Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R1-6

APN/PARCEL ID

162-15-019

ASK ABOUT THIS PROPERTY

602-435-3636

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

602-435-3636

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