Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will… Read More appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction. Read Less
Courtesy of Levrose Real Estate, Eric P Hegarty, 480-947-0600.
Listing Snapshot
Days Online
16
Last Updated
Property Type
Multiple Dwellings
Year Built
1983
MLS Number
7055439
30 Days Snapshot Of 85008
$453k
-8%
(avg) sold price
12
-45%
homes sold
68
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Free-Standing Electric Oven
Building
Built in 1983, Construction materials: Stucco, Block, 4 total units
Cooling
Heat Pump, Individual
Expenses
Insurance: $1,860, Water sewer: $2,760
Floors
Tile, Carpet, Vinyl
Heating
Individual, Electric
Parking
>1 Space Per Unit, 8 total parkings
Property
Zoning: R-3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,080, Lot: UK
Utilities
APS, Individual Meter
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