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Multifamily

Two Two Cactus

2223 E Cactus Rd, Phoenix, AZ 85022

Listing Price: $5,250,000

Cap Rate
5.66%
Number of Units
24
GRM
11.53
Price/Unit
$218,750
Price/Gross SF
$252.02
Gross SF
20,832

Investment Overview

Developed in 1979, Cactus Road is comprised entirely of two-bedroom, two-bath floorplans, each offering 868 square feet. Future ownership will have the opportunity to complete the proven renovation program and capitalize on rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area. Future ownership will also have the option to sell off each fourplex individually as they are separately parceled.

Investment Highlights

  • Comprised of 100% Two-Bedroom, Two-Bath Floor Plans
  • Nearby Deer Valley/I-17 Employment Corridors and Kierland Corridor/Scottsdale Airpark, are headlined by tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield.
  • Centralized Phoenix location and placed less than one and a half miles from State Route 51 (SR 51)

Exclusively Listed By

Multifamily

Two Two Cactus

Listing Price: $5,250,000

Cap Rate
5.66%
Number of Units
24
GRM
11.53
Price/Unit
$218,750
Price/Gross SF
$252.02
Gross SF
20,832

Investment Highlights

  • Comprised of 100% Two-Bedroom, Two-Bath Floor Plans
  • Nearby Deer Valley/I-17 Employment Corridors and Kierland Corridor/Scottsdale Airpark, are headlined by tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield.
  • Centralized Phoenix location and placed less than one and a half miles from State Route 51 (SR 51)

Investment Overview

Developed in 1979, Cactus Road is comprised entirely of two-bedroom, two-bath floorplans, each offering 868 square feet. Future ownership will have the opportunity to complete the proven renovation program and capitalize on rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area. Future ownership will also have the option to sell off each fourplex individually as they are separately parceled.

Exclusively Listed By

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