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ASH&KO
Turnkey Investment Opportunity – Renovated 8-Unit Property in Growing Midtown Phoenix
Listing Contacts
My Home Group Real EstateLicense: AZ SA645543000
Active
Schedule a Tour
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Address
1538 W Osborn Rd, Phoenix, AZ 85015
Show on MapDate Added
Oct 26, 2024
Days on Market
146 days
Time Since Last Update
35 days
Details
Property TypeBusiness for Sale, Hospitality, Multifamily, Senior Living
SubtypeApartment Building, Hotel, Motel
Investment TypeStabilized
Investment Sub TypeShort Term Rental and Long Term Rental
ClassA
Tenant CreditNo Credit Rating
TenancyMulti
Lease Term1.1 years
Lease Commencement10/21/2024
Lease Expiration11/21/2025
Remaining Term0.7 years
Square Footage4,828
Net Rentable (sq ft)4,828
Price/Sq Ft$661.76
Cap Rate10.52%
Occupancy80%
NOI$336,019
Units8
Year Built1953
Buildings1
Stories1
ZoningR4
Lot Size (sq ft)16,848
Parking (spaces)10
Broker Co-OpYes
APN110-15-091
Price/Unit$399,375
Ground LeaseNo
OwnershipFree and Clear
Marketing Description
Unlock exceptional returns with this fully renovated 8-unit luxury multifamily property in thriving Midtown Phoenix. Located minutes from Downtown and the airport, this turnkey investment features high-end finishes, modern, fully furnished units, and a resort-style
courtyard with a 6-hole putting green, waterfall, and gated dog play area. Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix’s most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown’s vibrant cultural, business, and lifestyle scene. Don’t miss out on this rare opportunity to acquire a top-performing asset in a high-growth market. Contact us today for financials and more details.
Investment Highlights
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8 Fully Furnished Units: Includes 4 spacious studios and 4 one-bedroom units, all equipped with modern, stylish furnishings and high-end stainless steel appliances.
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Significant Renovations: Over $1 million invested in building and landscaping upgrades, including new plumbing, sewer lines, and luxury interior finishes.
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Stunning Courtyard: Lush landscaping with over 200 low-drip plants, a 6-hole putting green, a tranquil waterfall feature, and a gated dog play area, creating a resort-like atmosphere.
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Gated Community: Enhanced security and privacy make this property stand out in the competitive Midtown rental market.
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-Rental is by Phoenix College, ASU downtown, UofA downtown, and Grand Canyon
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Close to PHX Airport
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Luxury Remodel
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Fully Furnished
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-Close to major hospitals
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-In walking distance of Starbucks, Safeway, Sprouts, Jersey Mikes ect.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$336,019.00
$28,001.58/mo
Valuation Metrics
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0
DSCR
10.52%
Cap Rate
10.52%
ROI
Property History
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Due Diligence
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Listing Contacts
- My Home Group Real EstateLicense: AZ SA645543000
Schedule a Tour
In Person
Virtual
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Broker Information
Broker Name
Arman Shields
Broker License
SA645543000
Brokerage Name
My Home Group
Broker Title
Real Estate Agent
Brokerage Address
110 S Priest Dr #101 Tempe, AZ 85281
Brokerage Phone
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