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Real Estate Agent with Fathom Realty SA538039000

Single Story For Sale in North Central Phoenix

keen1

•  single story - $2,995,000

North Central Phoenix, Phoenix  -  This income producing property is truely an income producer. 56 units at just $2,995,000 makes this apartment complex one of the best purchases available in the Metro Phoenix Area. Current owner has owned this property in excess of 8 years and is now retiring due to health reasons. This property features new roofs within the last 3 years, completely tiled flooring. The construction on these is of the mid 70s and is block constructed. The cap rate on this one is 8.00. This property is a must see and is situated on 2.17 acres. This property features 55 / 1 bedroom units that rent out at $550.00 per month. 1 / 2 bedroom unit that is currently the onsite managers unit. Click on the commercial property button to view more Multi-Family Investment Opportunies. http://markarcher.point2agent.com

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Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

This property looks like it would be great for something like a condo conversion, have you ever looked into that? I do them up here and we have great success, especially with the one level units!

Mar 10, 2008 02:10 AM