STABLE W/over 500K in improvements-Buy 7 units with Residential Financing-2122-2124 W Augusta Ave Phoenix AZ 85021 $1,990,000

2122-2124 W Augusta Ave Phoenix AZ 85021 $1,990,000

The Property

Own Your Piece of Phoenix: Fully Remodeled 7-Unit 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.
**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

The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children’s Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities.

Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants.

One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city’s many attractions without having to worry about driving and parking.

The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields.

In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.

$1,990,000

Sale Price

$123,407

Effective Rental Income

$25,071

Annual Operating Expenses

$98,336

Net Operating Income

4.94%

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!

One Page Flyer-See Flyer Offering Memorandum-Check it out!