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Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

Multifamily Property For Sale

Rosewood Apartments

5810 South 40th Street, Phoenix, AZ 85040

Price:
$1,800,000
No. Units:
52
Building Size:
24,950 SF
Price/Unit:
$34,615.38
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10.26%
Gross Rent Multiplier:
4.80
Occupancy:
90%
No. Stories:
2
Year Built:
1985
Lot Size:
2.84 AC
Find Out More...

Last Verified 11/19/2009 Listing ID 16415262

Description

PRICE REDUCTION!! Fantastic opportunity to own a stabilized 52 unit apartment in Phoenix, Arizona. Owner will consider equity in a single family home as trade. Has great assumable financing in place. Property consists of a 3 Bedroom/2 bath Townhouse + 51 units. Great for owner-operator. Also included is a separate leasing ofice, on-site laundry, sparkling swimming pool.

Located on a busy street with excellent frontage =no advertising costs. Great drive-by visibility. Minutes from Sky Harbor International Airport. Major employers within a 3 mile radius.

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Financial Summary

Debt & Equity Information

Proforma
Year
2009
Scheduled Gross Income
$373,140
Effective Gross Income
$320,535
Operating Expenses
$135,706
Net Operating Income
$184,800

Map of 5810 South 40th Street, Phoenix, AZ 85040 (Maricopa County)

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Presented by

Jackie Allen

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Contact Listing Broker

Jackie Allen (602) 565-0641

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Created 9/30/2009

Additional Information for 5810 S 40th Street, Phoenix, AZ 85040

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 4 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Rosewood Apartments

5810 South 40th Street, Phoenix, AZ, 85040