Great investment opportunity to own part of this portfolio of multi-family properties in downtown Phoenix. With a 7.1% CAP RATE, these eight units are in a high-return area and prime location. Each unit has two bedrooms and one bathroom with all tile flooring. Two separate buildings on large 9,000+square foot lot. Great exposure to main road and conveniently located near three major hospitals and public transportation. Low-maintenance landscaping. Rents are increasing, so act fast! Total list price for both buildings is $400,000. Additional properties of this portfolio available for sale (MLS#5295161). Owner open to negotiation for bundling properties. Number in the MLS represent the operation of the 8-plex as a whole, not individual buildings.
Off market
$723,000
1518 E Fillmore St, Phoenix, AZ 85006
--beds
0baths
2,600sqft
MultiFamily
Built in 1980
-- sqft lot
$723,000 Zestimate®
$278/sqft
$1,675 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Tile
Interior area
- Total interior livable area: 2,600 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 6,900 sqft
Details
- Parcel number: 11619196A
Construction
Type & style
- Home type: MultiFamily
Materials
- steel
- Roof: Built-up
Condition
- Year built: 1980
Community & neighborhood
Location
- Region: Phoenix