The Property
nt Opportunity in Central Phoenix-may buy this 4 plex or couple with the front triplex for an opportunity to buy 7 units using residential financing.
Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels:
2122 W Augusta Ave, Phoenix, AZ 85021
Step into luxury with this completely revitalized 4-unit multifamily investment. With nearly $500,000 in rehabilitation work, this stunning property sets a new standard in quality and design—perfect for both new and seasoned investors.
🔨 Property Highlights:
- ✔ Extensive Rehabilitation: Close to half a million dollars invested in transforming the property into a modern, high-quality asset.
- ✔ Luxury Finishes Throughout: Each unit features quartz countertops and stylish upgrades that attract quality tenants and command premium rents.
- ✔ Smooth Stucco Exterior: Offers a fresh, modern aesthetic with enhanced curb appeal.
- ✔ Unmatched Attention to Detail: Every corner reflects care and craftsmanship—this isn’t your average rehab.
- ✔ High Tenant Appeal: Fully leased and providing stable income from day one.
💼 Investment Flexibility:
- ✔ Residential Financing Available – Ideal for owner-occupants or first-time investors looking for strong cash flow in a quality property.
- ✔ Commercial Financing Options – Perfect for experienced investors interested in scalable returns and portfolio growth.
🔗 Combined Purchase Advantage:
Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels:
- ✔ Fully Leased: Consistent rental income with all units currently occupied.
- ✔ Turnkey Investment: Both properties have been meticulously renovated, making them completely move-in and rent-ready.
📌 Buyer to verify all facts and figures. No detail has been spared in making this property a premier income-producing asset.
Ready to make a strategic investment in a rapidly growing submarket?
Virtual Tour-Check it out!
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
Location
Discover the Dynamic 85021: Where Connectivity Meets Community
Located in North Phoenix, ZIP code 85021 offers a vibrant blend of urban accessibility, educational resources, and emerging employment opportunities. The area is undergoing significant redevelopment, enhancing its appeal for residents and businesses alike.
Transportation & Accessibility
Interstate 17 Access-Situated just west of I-17, residents enjoy seamless travel to downtown Phoenix and beyond.
Valley Metro Light Rail-The newly opened **Thelda Williams Transit Center** serves as the northwestern terminus of the Valley Metro Rail’s Northwest Extension Phase II. This elevated station provides direct access to downtown Phoenix, the East Valley, and, upon completion, south Phoenix.
Bus Routes-The transit center is served by Valley Metro Bus Routes 27, 35, 90, 106, and the I-17 Rapid, offering comprehensive public transportation options.
Education & Community Services
Arizona School for the Deaf and Blind** A cornerstone of the community, this specialized educational institution provides essential services and education for students with sensory disabilities.
Employment & Development
The Metropolitan-The former Metro-center Mall is being redeveloped into **The Metropolitan**, an $850 million, 68-acre mixed-use urban village featuring over 1,200 townhomes, retail spaces, restaurants, parks, and bike paths.
Formation Park 17-Adjacent to The Metropolitan, this new 22-acre business park is set to include four industrial buildings totaling 425,280 square feet, targeting industries such as manufacturing, semiconductors, and warehouse and distribution.
Retail & Recreation
The Loop-A central feature of The Metropolitan, this pedestrian-friendly retail plaza will offer shops, restaurants, bars, parks, a splash pad, and an outdoor entertainment venue.
Parks & Amenities-The development includes green spaces, an amphitheater for concerts and movie nights, and rooftop amenities such as a restaurant, pool, and pickleball courts.
The redevelopment of The Metropolitan aims to create a walkable, transit-oriented community that serves as a vibrant hub for residents and visitors. With its strategic location, diverse amenities, and commitment to sustainability, 85021 is poised to become a premier destination in Phoenix.
$1,140,000
Sale Price
$75,164
Effective Operating Income
$14,912
Operating Expenses
$60,252
Net Operating Income
5.29%
Cap Rate
$1,140,000
Sale Price
$81,600
Proforma Effective Income
$14,912
Proforma Operating Expenses
$71,640
Proforma Net Operating Income
6.28%
Proforma Cap Rate
Offering Memorandum and Marketing Flyer-Check them out.
To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.
Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.
If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.
Thank you for considering our investment opportunity, and we hope to hear from you soon!
We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.
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