Listed by Matthews
$1,040,000
2916 E Monroe St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,309
Net Rentable (SqFt) 4,309
Units 9
Cap Rate 7.53%
NOI $78,335
Occupancy 100%
Price per SqFt $241
Class C
Year Built 1946
Buildings 1
Stabilized 9-Unit Multifamily in Phoenix with Value-Add Upside and 7.53% Cap Rate
Marketing description
9-unit multifamily in Phoenix, AZ, 100% occupied and priced at $1,040,000 ($115,555/unit). 7.78% cap rate, $78,335 NOI, and 4,306 SF. Recent sewer line replacement. Value-add potential through renovations. Strong location near Downtown and Sky Harbor Airport.
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Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,335.00
$6,527.92/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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