Phoenix Apartment For Sale

Located in North Central Phoenix this Phoenix fourplex has good access to all amenities.

Location:

Schools, several shopping centers and a major hospital are all near by.  The I-15 freeway is only few minutes away and downtown Phoenix is a straight shot down 12th st.

Property:

The fourplex is comprised of all large 930sf.  2 bedroom and 2 full bath units.  Each has a storage unit accessible from the outside.  For resident convenience there is a laundry facility in each units.

All units have been remodelled in part or in whole. Remodels include 3 new kitchen, newer appliances, new bath cabinets and fixtures plus other replacements.  Most of the flooring is hard surfaces with the 2 bottom units with ceramic tiles throughout and a combination of tile, wood, and carpet upstairs.

• Priced competitively at $329,000
• Cap rate 8.7% (Actual)
• Cap rate 8.9% (Proforma) 2008 projections.
• GRM  10 (Actual)

This is a great low maintenance property with good income and in good condition.  It will make a great investment as the area developes and improves.

Download the Phoenix fourplex property brochure for more information about income and expenses.

Search for other multifamily properties in Greater Phoenix.

Contact me, Artur at 602-628-4349 about this property or other Phoenix apartments for sale.