1421 E Fillmore St, Phoenix, AZ 85006

Matthews™ is pleased to present 1421 E Fillmore St, a well-maintained four-unit apartment community located in the Garfield Submarket of Phoenix, Arizona. Built in 1983, the property is comprised entirely of two-bedroom, one-bath units. Each of the units have been updated to various levels by current ownership, with the most recently remodeled unit renting for $1,425 plus RUBS; however future ownership will be able to capture additional value-add upside through further interior and exterior upgrades. Previous exterior upgrades include a new roof in 2021. Additionally, the property sits on a .25 acre lot zoned R-4, which allows for potential to build additional units. the Garfield Submarket has seen continued demand driven by its proximity to Downtown Phoenix, major employment centers, and expanding light-rail infrastructure. 1421 E Fillmore St presents a compelling opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.