Listed by S.J. Fowler Real Estate, Inc.
$1,070,000
UPTOWN Phoenix 4 on 12th St.
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,463
Units 4
Cap Rate 5.75%
NOI $61,505
Occupancy 100%
Pro-Forma Cap Rate 5.85%
Pro-Forma NOI $62,614
Class C
Lot Size (SqFt) 15,800
Uptown Phoenix Turn Key Cash Flow 4 Unit Apartment
Marketing description
Uptown Phoenix Class ''A'' Location In Sought After 85014 Zip Code. 4 Large 2 Bedroom 1 Full Baths/Tubs 900+/- sf Units With Private Yards That Sits On a Huge 15,000 sf Corner Lot with Mature Shade Trees, Lots of Covered Parking and Onsite Laundry. Pride Of Ownership Shines All Over These Two Well Maintained Masonry/Brick Buildings. Current Rents Are Low Market with Lots of Room To Run For Many Years To Come At This Class A Location. Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.
Investment highlights
Uptown Phoenix A Location
Extremely Strong Rental Market
All 2 Bedrooms 1 Full Baths
Current Rents $1,570 $1560 $1475 $1475
Covered Parking
Onsite Laundry
Large Private Yards
Listing Contacts
Listed by S.J. Fowler Real Estate, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,505.00
$5,125.42/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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