Courtesy of Matthews Real Estate Investment Services
Property Description
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
Open House
Property Details and Features
-
Appliances & Equipment
- "Built-In Range"
- "Disposal"
- "Refrigerator"
-
Building
- Built in 1944
- Construction materials: "Wood Frame", "Painted", "Stucco"
- 5 total units
-
Cooling
- "Central Air"
- "2 or More Units"
-
Expenses
- Insurance: $1,500
- Maintenance: $2,500
- Water sewer: $3,480
-
Exterior Features
- "Sidewalk(s)"
-
Floors
- "Ceramic Tile"
- "Vinyl"
-
Heating
- "Electric"
-
Listing
- Listing ID: 6986273
- Standard status: Active
- 70 days on market
-
Location
- Subdivision name: AVIATION HOMESITES
-
Parking
- "Paved"
- "Free"
- "<1 Space Per Unit"
- 10 total parkings
-
Property
- Zoning: R-4
-
Roof
- "Composition"
-
Schools
- Elementary school: Wilson Elementary School
- High school: North High School
- High school district: Phoenix Union High School District
-
Sewer
- "Public Sewer"
-
Taxes
- Annual amount: $1,093
- Lot: 37
-
Utilities
- "APS"
- "Individual Meter"
Property Map
Street View
Market Trends for 85006, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.