This Multifamily Property is Off-Market.

3002 N 40TH ST
Phoenix, AZ 85018 ·

14 Units · Multifamily For Sale

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Casa Sunrise Apartments

Price N/A Property Use Type Investment
No. Units 14 Cap Rate 5%
Building Size 11,500 SF Occupancy 100%
Property Type Multifamily Lot Size 41,561 SF
Property Sub-type Garden/Low-Rise
Listing ID: 17281731 Date Created: 08/08/2011 Last Updated: 11/28/2011

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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3002 N 40TH ST, Phoenix, AZ 85018 (Maricopa County)

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