Courtesy of Gile Commercial Real Estate
Property Description
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.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Built-In Range
- Refrigerator
- Washer/Dryer
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Bathrooms
- 5 total bathrooms
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Bedrooms
- 10 total bedrooms
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Building
- Built in 1959
- 1 building
- Construction Materials: Painted, Block
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Community
- No Pool
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Cooling
- Electric
- Individual
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Disclosures
- None
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Expenses
- Operating: $7,169
- Water/Sewer: $4,500
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Floors
- Vinyl
-
Heating
- Individual
- Electric
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Income
- Gross Income: $78,048
- Gross ScheduledIncome: $81,300
- Net Operating Income: $74,744
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Listing
- Listing ID: 7063520
- Standard Status: Active
- MLS Status: Active
- 30 days on market
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Location
- Subdivision: PARK FAIRMONT AMD
- County/Parish: Maricopa
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Lot
- Dimensions: 10723
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Owner Pays
- Trash Collection
- Water
- Sewer
-
Parking
- 5 covered spaces
- 5 total parking spaces
- 1 Space/Unit
- Carport
-
Roof
- Composition
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Schools
- Elementary School District: Osborn Elementary District
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 110-08-014
- Public Survey Range: 3E
- Public Survey Section: 30
- Annual Amount: $2,669
- Tax Block: 2
- Tax Book Number: 110.00
- Legal Description: LOT 2 BLOCK 2 PARK FAIRMONT AMD MCR 004848
- Lot: 2
- Year: 2025
- Zoning: R-5
-
Utilities
- Water Source: City Franchise
- Individual Meter
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This content last updated on September 5, 2026 3:08PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.