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Multifamily

Southgate

601 W Southgate Ave, Phoenix, AZ 85041

Listing Price: $1,400,000

Cap Rate
2.75%
Number of Units
8
Price/Unit
$175,000
Price/Gross SF
$230.26
Gross SF
6,080

Investment Overview

S O U T H G AT E is a 8-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 1987, Southgate is comprised of two-bedroom, one-bedroom floorplans averaging 760 square feet. Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150 per month.

Investment Highlights

  • Located in South Phoenix
  • All units are 2 Bdr, 1 Bath floorplans. Individual 4-plexes each with their own parcel number.
  • Value-add opportunity to renovate interiors. 1987 vintage.

Exclusively Listed By

Listing Price: $1,400,000

Cap Rate
2.75%
Number of Units
8
Price/Unit
$175,000
Price/Gross SF
$230.26
Gross SF
6,080

Investment Highlights

  • Located in South Phoenix
  • All units are 2 Bdr, 1 Bath floorplans. Individual 4-plexes each with their own parcel number.
  • Value-add opportunity to renovate interiors. 1987 vintage.

Investment Overview

S O U T H G AT E is a 8-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 1987, Southgate is comprised of two-bedroom, one-bedroom floorplans averaging 760 square feet. Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150 per month.

Exclusively Listed By

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