The Property
Own Your Piece of Phoenix: Fully Remodeled Triplex Multifamily Opportunity!
**Location, Luxury, and Investment Potential Await!**
Discover a rare opportunity to own a fully remodeled and leased 7-unit apartment building nestled in the vibrant heart of North Phoenix. This property spans two parcels, making it eligible for residential financing—a unique advantage for savvy investors and homeowners alike.
**Key Features:**
– **Modern Interiors:** Recently upgraded with fresh paint, wood-like tile flooring, and spacious living/dining areas.
– **Energy Efficiency:** New dual pane windows, doors, and hot water heaters enhance comfort and reduce utility costs.
– **Gourmet Kitchens:** Featuring ample cabinets, luxurious quartz countertops, and sparkling stainless steel appliances.
– **Comfortable Living:** Bedrooms flooded with natural light, upgraded ceiling fans, and walk-in closets.
– **Upscale Bathrooms:** Completely renovated to offer modern comfort and style.
– **Exterior Appeal:** Even and smooth stucco finish, with private backyards for the rear units.
– **Additional Income Potential:** Includes two onsite storage rooms, offering extra revenue streams.
**Prime Location:**
Located in North Phoenix, where historic charm meets trendy establishments. Enjoy proximity to renowned restaurants, shopping centers, and convenient access to major transportation routes.
**Investment Highlights:**
– Fully leased with immediate income generation.
– Ideal for residential financing, maximizing investment opportunities.
– Potential for continued growth in a thriving rental market.
**Don’t Miss Out!**
Seize this exceptional opportunity to own a meticulously remodeled 7-unit multifamily property in one of Phoenix’s most sought-after neighborhoods. Whether you’re looking to invest or searching for a stylish home with income potential, this property promises unmatched value. The price above is for the Triplex only.
**Act Now!**
Contact us today to schedule a viewing and secure your stake in Phoenix’s booming real estate market. Verify all facts and figures, and envision the potential of owning a property that blends modern luxury with strategic investment advantages.
*Disclaimer: Buyer to verify all facts and figures.
*Investment and residential financing subject to lender approval. All information deemed reliable but not guaranteed.*
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.
$855,000
Sale Price
$55,316
Effective Operating Income
$11,365
Operating Expenses
$43,951
Net Operating Income
5.14%
Cap Rate
$855,000
Sale Price
$64,916
Proforma Effective Income
$11,365
Proforma Operating Expenses
$53,551
Proforma Net Operating Income
6.26%
Proforma Cap Rate
Offering Memorandum and Marketing Flyer
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.
Linda‘s Newest Book on Amazon “The Queen of Fourplexes tells all!’
Make sure you check out Linda’s new book: Stories of Real Estate but learn as you go!
Stay on top of what’s happening in Arizona Real Estate!
Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!
