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33354063
33354064

940 East Rose Lane, Phoenix, AZ 85014

NJ
AZ AZ BR525576000
ABI Multifamily LLC
Listed by ABI Multifamily LLC
$1,050,000
4 days on market
Updated 4 days ago

Casa Isabella Fourplex

Details
APN 161-15-061
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,436
Net Rentable (SqFt) 2,436
Units 4
Beds 4
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.48%
Pro-Forma NOI $57,505
Price per SqFt $431
Year Built 1957
Buildings 2
Stories 1
Acreage 0.220
Zoning R1-6, Phoenix
Parking Spaces 5 spaces
Parking Per SqFt 2.05
Investment Type Value Add

Multifamily | 4 Units | $262,500/unit

Marketing description

The Casa Isabella Fourplex is a high-demand, cash-flowing fourplex in the North Central Phoenix submarket. This rare asset features four large one-bedroom / one-bathroom units split across two detached, single-story buildings. Situated on a prime ±9,574 square foot corner lot, the property offers immediate rental upside. It is an ideal acquisition for 1031 exchange investors looking to capture value-add potential in a competitive submarket.

Located in the desirable 85014 zip code, Casa Isabella Fourplex sits in Phoenix's booming North Central urban corridor. The Uptown / Midtown area is famous for tree-lined streets, historic charm, and excellent walkability. High tenant demand is driven by immediate proximity to top-tier dining, shopping, and major central valley employment hubs.

Investment highlights

  • The Asset: Four Spacious One-Bedroom / One-Bathroom Units Built in 1957
  • Detached Living: Two Single-Story Duplex Buildings Maximize Tenant Privacy
  • Value-Add Upside: Modernize Interiors & Exteriors to Drive Market Rent Growth
  • Prime Commute: Located 4.5 Miles (±11 Minutes) From Downtown Phoenix & Phoenix Sky Harbor Airport
  • Rapid Transit: Instant Access to the SR-51 Piestewa Freeway & I-10
  • Top-Tier Education: Zoned for the Highly Coveted Madison School District
  • Lot Size: ±9,574 Square Feet (±0.22 Acres) on a Corner Lot
  • Parking: Five Total Spaces (Four Covered Carport Spaces & One Open Space)
  • Utilities: Individually Metered Electricity; Economical Natural Gas Heating
  • Amenities: Large Private Patios, Extra Tenant Storage, & On-Site Laundry Room
  • Interiors: Durable Ceramic Tile & Carpet Flooring

Listing Contacts

NJ
AZ AZ BR525576000
ABI Multifamily LLC
Listed by ABI Multifamily LLC

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Additional Information

Name
Natan Jacobs
License
AZ BR525576000
Brokerage
ABI Multifamily
Brokerage Phone
6027141400
Title
Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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