Historical Multifamily Sale Listing - Casa Sunrise Apartments

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Casa Sunrise Apartments

3002 N 40TH ST, Phoenix, AZ 85018

N/A

14 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
14
Building Size:
11,500 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5%
Occupancy:
100%
Lot Size:
41,561 SF
Listing ID
17281731
Last Updated
over 1 year ago

Description

8.25% Cap Rate based on current NOI - 5% Cap Rate reflects previous vacancies / 14 Unit Apartment Complex Now 100% OCCUPIED!! All single level with block construction and pitched roofs and individual fence in backyards. Complete remodel and upgraded with custom tile in bathrooms in 2006 on these large units with walk in closets. Great location close to schools, shopping, theaters, restaurants, Hospitals, Transportation and much more. Community pool and laundry facilities.With some adjustments to management expenses, insurance, maintenance and rents - cap % will climb. Owner will consider short term carryback for the right buyer with significant down payment.

40th St and Thomas

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Created 8/8/2011