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Multifamily

16th Street

4607 S 16th St, Phoenix, AZ 85040

Listing Price: $1,790,000

Cap Rate
4.74%
Number of Units
10
Price/Unit
$179,000
Price/Gross SF
$348.93
Gross SF
5,130

Investment Overview

Benefiting From Previous Work Done on the Property, New Ownership Will Have the Unique Benefit of an Established Renovation Program That Has Demonstrated Over $300 in Rental Premiums.

Investment Highlights

  • Located Inside 5 Minutes from I-17 to the North and I-10 to the East Enables Residents to Reach Any Destination Throughout the Valley in Effortless Fashion Within Ideal Commute Times
  • Totaling ±124 Million Square Feet of Industrial Space, the Southwest Valley Industrial Corridor is Home to Multiple Fortune 500 Companies Including Amazon, FedEx, and Chewy.
  • Value-add with opportunity which has already seen community renovation (HVACs, windows, electrical panels, roofs and several unit interior renovations).

Exclusively Listed By

Financing By

Multifamily

16th Street

Listing Price: $1,790,000

Cap Rate
4.74%
Number of Units
10
Price/Unit
$179,000
Price/Gross SF
$348.93
Gross SF
5,130

Investment Highlights

  • Located Inside 5 Minutes from I-17 to the North and I-10 to the East Enables Residents to Reach Any Destination Throughout the Valley in Effortless Fashion Within Ideal Commute Times
  • Totaling ±124 Million Square Feet of Industrial Space, the Southwest Valley Industrial Corridor is Home to Multiple Fortune 500 Companies Including Amazon, FedEx, and Chewy.
  • Value-add with opportunity which has already seen community renovation (HVACs, windows, electrical panels, roofs and several unit interior renovations).

Investment Overview

Benefiting From Previous Work Done on the Property, New Ownership Will Have the Unique Benefit of an Established Renovation Program That Has Demonstrated Over $300 in Rental Premiums.

Exclusively Listed By

Financing By

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