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Multifamily

Palomino Four

2819 E Le Marche Ave, Phoenix, AZ 85032

Listing Price: $750,000

Cap Rate
5.70%
Number of Units
4
GRM
12.54
Occupancy
100.0%
Price/Unit
$187,500

Investment Overview

Centrally located north of Greenway between 28th and 29th Streets, surrounded by a community of 4plexes north of the wondrous Phoenix Mountain Preserve, this property offers convenient access to the Lookout Mountain Trailhead within a three-mile radius. Its proximity to State Route 51 and major cross streets, such as Bell and Greenway Parkway, provides a simple commute to some of the top employment corridors the valley has to offer. Positioned 6.1 miles from both John C. Lincoln and Mayo Clinic Specialty, as well as a quick 14-minute drive to Desert Ridge Marketplace.

Originally constructed in 1982, the property features a unit mix of all 2-bedroom, 2-bathroom units. One unit underwent renovation in 2023 (with an in-unit washer and dryer), leaving new ownership the ability to renovate the remaining three units as well. Each unit features washer and dryer hookups, offering immediate stability or the potential for implementing a rental premium.

Investment Highlights

  • Value add via interior renovation program, have washer & dryer hook up
  • All 2 bedroom 2 bathroom
  • Currently stabilized with rental premium upside HOA recently switched to individual meeters & repainted all buildings

Exclusively Listed By

Multifamily

Palomino Four

Listing Price: $750,000

Cap Rate
5.70%
Number of Units
4
GRM
12.54
Occupancy
100.0%
Price/Unit
$187,500

Investment Highlights

  • Value add via interior renovation program, have washer & dryer hook up
  • All 2 bedroom 2 bathroom
  • Currently stabilized with rental premium upside HOA recently switched to individual meeters & repainted all buildings

Investment Overview

Centrally located north of Greenway between 28th and 29th Streets, surrounded by a community of 4plexes north of the wondrous Phoenix Mountain Preserve, this property offers convenient access to the Lookout Mountain Trailhead within a three-mile radius. Its proximity to State Route 51 and major cross streets, such as Bell and Greenway Parkway, provides a simple commute to some of the top employment corridors the valley has to offer. Positioned 6.1 miles from both John C. Lincoln and Mayo Clinic Specialty, as well as a quick 14-minute drive to Desert Ridge Marketplace. Originally constructed in 1982, the property features a unit mix of all 2-bedroom, 2-bathroom units. One unit underwent renovation in 2023 (with an in-unit washer and dryer), leaving new ownership the ability to renovate the remaining three units as well. Each unit features washer and dryer hookups, offering immediate stability or the potential for implementing a rental premium.

Exclusively Listed By

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