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Multifamily

Tri Pak

3326 W Buckeye Rd, Phoenix, AZ 85009

Listing Price: $1,250,000

Cap Rate
7.00%
Number of Units
12
Price/Unit
$104,167
Price/Gross SF
$220.85
Gross SF
5,660

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire the Tri Pak apartments, a twelve-unit community located in Phoenix’s developing South-West Valley. Less than one mile west of the I-17 (Black Canyon Freeway), the apartments are within a dense concentration of jobs and redevelopment, with ample access to all parts of the Valley including downtown Phoenix, Phoenix Sky Harbor International Airport, and the Black Canyon Corridor. The Tri Pak apartments is a value add opportunity consisting of eight studios, three one bedrooms, and one two bedrooms. Each tenant is on a month to moth lease, so the new owner will be able to make an immediate impact on the NOI through renovations.

Investment Highlights

  • All tenants on month-to-month leases. Buyer has the immediate opportunity to renovate the interiors and bring rents to market.
  • Motivated seller.
  • 1 mile West of 1-17

Exclusively Listed By

Financing By

Listing Price: $1,250,000

Cap Rate
7.00%
Number of Units
12
Price/Unit
$104,167
Price/Gross SF
$220.85
Gross SF
5,660

Investment Highlights

  • All tenants on month-to-month leases. Buyer has the immediate opportunity to renovate the interiors and bring rents to market.
  • Motivated seller.
  • 1 mile West of 1-17

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire the Tri Pak apartments, a twelve-unit community located in Phoenix’s developing South-West Valley. Less than one mile west of the I-17 (Black Canyon Freeway), the apartments are within a dense concentration of jobs and redevelopment, with ample access to all parts of the Valley including downtown Phoenix, Phoenix Sky Harbor International Airport, and the Black Canyon Corridor. The Tri Pak apartments is a value add opportunity consisting of eight studios, three one bedrooms, and one two bedrooms. Each tenant is on a month to moth lease, so the new owner will be able to make an immediate impact on the NOI through renovations.

Exclusively Listed By

Financing By

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