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$1,185,000
10 Beds 5 Baths 7063520 MLS
Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.

4012 N 15th Avenue, Phoenix

Courtesy of Gile Commercial Real Estate. 602-980-3171

$1,050,000
6584113 MLS
4012 N 15th Ave is a 5-Unit apartment community built in 1959. Comprised 100% of spacious 2-Bed/1-Bath units, each of which boasts 800 sq ft of living space and vaulted ceilings. This block construction apartment building was extensively renovated in 2023. Interiors were remodeled with new flooring, cabinets, countertops, SS appliances, bathrooms/showers, plumbing, doors, and more. The exterior of the building was enhanced with all new paint/finishes, roof, desert landscaping, a newly rebuilt carport, electrical upgrades, two new HVAC units, and the addition of a shared community laundry space. Tenants also enjoy large private/gated back patios and covered parking spaces. All work was completed by a licensed general contractor and was recently inspected and approved by the City of Phoenix

4012 N 15th Avenue, Phoenix

Courtesy of ABI Multifamily. 602-714-1400 Selling Office: Non-MLS Office.

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