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25461970
25461978

8805 S 51st St, Phoenix, AZ 85044

RB
AZ SA570319000
West USA Realty / Commercial Division - Scottsdale
Listed by West USA Realty / Commercial Division - Scottsdale
$438,100
313 days on market
Updated 12 days ago

8805 S 51ST ST 2, Phoenix, AZ 85044

Details
APN 301-13-712
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,435
Net Rentable (SqFt) 1,435
Cap Rate 6.85%
NOI $30,000
Occupancy 100%
Pro-Forma Cap Rate 5.39%
Pro-Forma NOI $23,600
Price per SqFt $305
Broker Co-Op Yes
Year Built 1993
Year Renovated 2023
Stories 2
Lot Size (SqFt) 2,004
Zoning Residential
Parking Spaces 2 per key
Investment Type Net Lease
Occupancy Date 07/28/2025
Ground Lease Yes
Ownership Individual

Great Residential Income Property at Pointe South Mountain in Phoenix, AZ

Marketing description

Pristine & immaculate 2 bed, 3 bath, 1 car garage townhome is move-in ready & located in desirable Pointe South Mountain, right on the golf course! Property boasts an abundance of privacy w/ private gated yard. The townhome is nicely painted & features new flooring, high ceilings, & large windows with stunning views & fireplace for added comfort & ambiance. The master bedroom suite is spacious & offers a private balcony. Additionally, bonus area that can be utilized as an office. All newer appliances are included, water, sewer & garbage services are also included in the rent. Residents will have access to community amenities such as a heated pool, walking & biking paths, an open park, & a golf course. Property is currently leased to 4/08/26.

Investment highlights

Great residential income property. Big demand.

Listing Contacts

RB
AZ SA570319000
West USA Realty / Commercial Division - Scottsdale
Listed by West USA Realty / Commercial Division - Scottsdale

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Loan Amount
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$30,000.00
$2,500.00/mo

Valuation Metrics

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DSCR
6.85%
Cap Rate
6.85%
ROI

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