The Property
Great opportunity to own this 7 unit apartment building in an exceptional location in Phoenix! Located in North Phoenix which is a district that mixes historic buildings with hip and trending establishments! The upgraded interior boasts fresh paint, stylish wood-like tile flooring, and sizable living/dining areas. All new dual pane windows, new doors, brand new hot water heaters. Renovated kitchen showcases large cabinets, lavish quartz counters, and shimmering stainless steel appliances. Bedrooms enjoy abundant natural light, upgraded ceiling fans, and walk-in closets. Completely redone upscale bathrooms. Even smooth stucco on the outside. The 4 rear units have private backyards. There are 2 storage rooms onsite for additional income as well. Did we talk about the location? It is close to numerous restaurants and shopping centers. Don’t miss this one! Construction is completed and property is in lease up mode with three units rented. Buyer to verify all facts and figures.
Property Virtual Tour-check it out
Location
North/Northwest Phoenix is a region in the city of Phoenix, Arizona. While the area with this name has no official separate status, it usually refers to the Urban Villages of Paradise Valley, North Mountain, Deer Valley, Desert View, and North Gateway.
Located within walking distance to the Phoenix Light Rail.
Phase I of the Northwest Extension was the first to extension within the Phoenix city limits. The system was extended north from the previous terminus at Montebello Avenue along the median of 19th Avenue to a new terminus and park and ride at the southwest corner of 19th Avenue and Dunlap Avenue. The extension features two additional stations, located at Northern Avenue and Glendale Avenue and is predicted to serve 5,000 riders per day in its first full year of operation.
Amazingly great employment base with walking distance from this quiet neighborhood property.
Sale Price
Effective Rental Income
Operating Expenses
Net Operating Income
Cap Rate
Offering Memorandum
Please check out the One Page Flyer and Offering Memorandum!
Property Photos-there are many photos of the property here
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