Listed by Marcus & Millichap - Phoenix
$1,799,000
Tri Pak Apartments
Details
APN 109-58-086, 109-58-087
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,550
Units 12
Cap Rate 6.73%
NOI $121,014
Occupancy 100%
Class C
Year Built 1956
Year Renovated 2023
Buildings 2
Stories 1
Acreage 0.320
Zoning R3
Investment Type Stabilized
Multifamily | 12 Units | $149,917/unit
Marketing description
Marcus & Millichap is pleased to announce the opportunity to acquire the Tri Pak Apartments. This 12 unit fully renovated apartment complex is comprised of 6 studios, 5 one bedrooms, and 1 two bedroom unit.
The current owner invested well over half a million dollars to completely gut and remodel the interior and exterior of the buildings. The exterior renovations include new AC units, paint, parking, landscaping, and a roof replacement.
Listing Contacts
Listed by Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,014.00
$10,084.50/mo
Valuation Metrics
0
DSCR
6.73%
Cap Rate
6.73%
ROI
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