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Multifamily

South 16th

4607 S 16th St, Phoenix, AZ 85040

Listing Price: $1,270,000

Cap Rate
4.10%
Number of Units
10
Price/Unit
$127,000
Price/Gross SF
$239.62
Gross SF
5,300

Investment Overview

SOUTH 16TH is a 10-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley. Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors, Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than ±205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1963, South 16th is comprised of a complimentary mix of studio and one-bedroom floorplans averaging 530 square feet. Future ownership will have the opportunity to upgrade all 10 classic interiors with an associated renovation premium of $150 per month.

Investment Highlights

  • Located in South Phoenix
  • Recent capital improvements include windows, roof, HVACs and electrical panels.
  • Value-add upside to renovate community space and unit interiors.

Exclusively Listed By

Multifamily

South 16th

Listing Price: $1,270,000

Cap Rate
4.10%
Number of Units
10
Price/Unit
$127,000
Price/Gross SF
$239.62
Gross SF
5,300

Investment Highlights

  • Located in South Phoenix
  • Recent capital improvements include windows, roof, HVACs and electrical panels.
  • Value-add upside to renovate community space and unit interiors.

Investment Overview

SOUTH 16TH is a 10-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley. Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors, Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than ±205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1963, South 16th is comprised of a complimentary mix of studio and one-bedroom floorplans averaging 530 square feet. Future ownership will have the opportunity to upgrade all 10 classic interiors with an associated renovation premium of $150 per month.

Exclusively Listed By

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