Listed by Matthews
$675,000
2242 E Taylor St
Details
APN 116-01-043
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,920
Net Rentable (SqFt) 2,920
Units 5
Cap Rate 8.32%
NOI $56,147
Occupancy 100%
Price per SqFt $231
Class C
Year Built 1944
Buildings 1
Lot Size (SqFt) 9,687
Investment Type Value Add
5 Units | $135k/Unit | 8.32% Current Cap Rate
Marketing description
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10.
Investment highlights
- 5 Units, Built 1944
- Unit Mix: (1) 1+1, (2) 2+1, (2) 3+1
- Current Average Rent: $1,214
- Current Cap Rate: 8.32%
- Recent Updates to Plumbing and Electrical
- Close Proximity to Sky Harbor, Downtown Phoenix, and Major Transportation Corridors
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,147.00
$4,678.92/mo
Valuation Metrics
0
DSCR
8.32%
Cap Rate
8.32%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
