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

Multifamily Property For Sale

Running Brook Apartments - SHORT SALE

2615 E Greenway Rd, Phoenix, AZ 85032

Price:
$950,000
No. Units:
28
Building Size:
18,800 SF
Price/Unit:
$33,928.57
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.40%
Gross Rent Multiplier:
5.10
No. Stories:
2
Year Built:
1981
Lot Size:
31,960 SF
Tax ID / APN #:
214-53-032E -F
Find Out More...

Last Verified 11/10/2009 Listing ID 16430468

Highlights

Fantastic visibility on East Greenway Road
Across the street from Crestview High School
Located just west of SR-51 - Piestawa Fwy

Majority two bedroom apartments
Individually metered for electricity
1981 construction

Description

**SHORT SALE. MAKE YOUR BEST OFFER! This sale is subject to Lender approval and MUST BE SOLD** Running Brook is a 28-unit garden-style apartment community located in the City of Phoenix. The property is ideally located on East Greenway Road just west of SR-51 (Piestawa Freeway) and minutes from Loop-101. The property is highly visible from East Greenway Road yielding excellent drive-by rental traffic and sits directly across the street from Crestview College Preparatory High School.

DIRECTIONS: From SR-51, west on Greenway Road to the split then left on Greenway ROAD. The property will be on the SOUTH side of the street.

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$157,008
Operating Expenses
$86,948
Net Operating Income
$51,509

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
One bedroom, one bath	12	$425	600
Two bedroom, one bath	16	$499	725

Map of 2615 E Greenway Rd, Phoenix, AZ 85032 (Maricopa County)

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Presented by

Kasten Long Commercial Group

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Contact Listing Broker

Jim Kasten, CCIM (602) 445-4113

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Created 10/13/2009

Additional Information for 2615 E Greenway Road, Phoenix, AZ 85032

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 2 RecentSales Records

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 - Running Brook Apartments - SHORT SALE

2615 E Greenway Rd, Phoenix, AZ, 85032