*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
Welcome to a prime investment opportunity in the heart of Phoenix. This well-maintained property offers not only existing income potential but also valuable land for future development, making it an ideal addition to your investment portfolio.
One of the most attractive aspects of this investment is the substantial vacant land adjoining the existing units. With approximately 25,000 Sqft, this land presents an incredible opportunity for future expansion and development. Situated on a 0.57 Acre Lot, In an Arizona Opportunity Zone. Zoned R-3 For Multifamily. Exterior upgrades feature a cosmetic remodel, New HVACs, Main Sewer, Windows, Doors, & Installation of Covered Parking. Interior upgrades feature New wood-tile flooring, white quartz countertops, New cabinetry, stainless steel appliances, and remodeled bathrooms. The possibilities for growth are virtually limitless. Whether you choose to improve this lot or not, this property offers the flexibility to meet your investment goals.
This investment property with land for more units represents an excellent opportunity for investors looking to diversify their portfolio and capitalize on the growing demand for housing and multifamily spaces in this thriving community. Don’t miss your chance to secure a valuable asset with both immediate income potential and the promise of future growth. Contact us today to schedule a viewing and discuss this exciting investment opportunity in more detail.
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
This column is based off of market rents and assumes proper property performance.
This column allows the user to add custom financing scenarios.
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
Multifamily
Two - Four Unit
Multifamily
Investing in real estate can be risky. You can make money and you can lose money as well. Forward-looking statements or estimations provided by Citypoint do not represent any final determination on investment performance. While the information provided to investors has been researched and is thought to be reasonable and accurate, any real estate investment is speculative in nature. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. Real estate investing may not be suitable for all investors. Read our Roles and Responsibilities guide here.
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Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.
Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.
Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.
Multiple bids from multiple parties may exist.
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