525 N 32nd St., Phoenix, AZ 85008

Welcome to Twelve on 32nd Street Apartments. Centrally located in Phoenix and right across from Celebrity Theater near the Phoenix Airport and freeways. Both parcels of 525 and 526 N 32nd Street Included in sale APN 121-17-026-A and121-17-028-A. Potential to add value and raise rents or possibly add more units are redevelop. These units are rented below market. Current rents on studio's 600 market is 750. Ones are currently 725 market is 900. The three bedroom one bath house is on the second lot with a one bedroom apartment attached. Currently at 1300 and is given a 600 discount for being onsite manger. Market rent 1,500. Currently performing at approximately 6.5 cap and proforma cap 8.77%. All facts and figures are approximate buyer verify MLS information.