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33345760
33345762

1801 - 1807 N 25th Pl, Phoenix, AZ 85008

DR
AZ 670916000
Commercial Properties Inc Tempe
Listed by Commercial Properties Inc Tempe
$1,600,000
3 days on market
Updated 3 days ago

Encanto Bungalows

Details
APN 120-29-048A
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 5,550
Units 7
Cap Rate 6.98%
Occupancy 100%
Tenancy Multi
Price per SqFt $288
Year Built 1958
Year Renovated 2022
Lot Size (SqFt) 20,394
Zoning R3
Investment Type Stabilized

1801 - 1807 N 25th Pl, Phoenix, AZ 85008

Marketing description

Encanto Bungalows presents a rare opportunity to acquire a fully occupied, stabilized multifamily asset that offers a highly desirable single-family lifestyle in the heart of Phoenix.

Located at 1801-1807 N 25th Pl, this unique community consists of seven total units, prominently featuring six (6) standalone cottages that provide residents with the privacy, space, and comfort of traditional single-family homes. Following extensive recent conversions and renovations in 2022—which included fully replacing the roofing—the property boasts modern appeal and lower deferred maintenance. The community strongly enhances the tenant experience by offering private yards of various sizes, full air conditioning, and covered parking for most units.

By providing unshared walls and personal outdoor spaces, Encanto Bungalows commands strong tenant demand, presenting a turnkey, 100% occupied investment with reliable, long-term cash flow.

Strategically positioned in a dynamic Phoenix neighborhood just off E McDowell Road and N 24th Street, Encanto Bungalows offers tenants unparalleled connectivity and convenience.

Residents benefit from immediate access to major transportation corridors, including Loop 202, I-10, and State Route 51. This highly centralized location seamlessly connects tenants to premier employment and transit hubs, including Downtown Phoenix and Phoenix Sky Harbor International Airport.

The property is situated within minutes of major regional medical facilities like Banner Health, as well as convenient retail and grocery centers including Food City and Arcadia Crossing.

Furthermore, nearby recreational destinations such as Papago Park provide abundant outdoor activities, perfectly complementing the independent, spacious lifestyle afforded by the property's standalone cottages.

Investment highlights

  • 100% Occupied
  • Private Yards
  • Covered Parking
  • Fully Air Conditioned
  • Updated Roofing (2022)

Listing Contacts

DR
AZ 670916000
Commercial Properties Inc Tempe
Listed by Commercial Properties Inc Tempe

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