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$1,325,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 10 |
8.00 |
0 |
$2,493 |
1971 |
|
On the market:
109 days
|
View full details, photos, school info, and price history
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Listing courtesy of Bradley Skenderian, Matthews Real Estate Investment Services