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

Multifamily Property For Sale

Mountain View Apartments

1703 W Mountain View Road, Phoenix, AZ 85019

Price:
$799,000
No. Units:
16
Building Size:
9,150 SF
Price/Unit:
$49,937.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.20%
Gross Rent Multiplier:
7.90
Occupancy:
85%
No. Stories:
2
Year Built:
1982
Lot Size:
16,991 SF
Tax ID / APN #:
158-21-074, -075
Find Out More...

Last Verified 11/2/2009 Listing ID 16453501

Highlights

Strong Occupancy History
North Phoenix Location
Good Mix of One and Two Bedroom Units

Two Story, 1982, Slump Block
Copper Plumbing
Individually Metered

Description

MOTIVATED SELLER WANTS ALL OFFERS SUBMITTED
The 1982 built Mountain View Avenue Apartments are two-story, slump block constructed with low-cost desert landscaping. The property is individually metered for electricity, has copper plumbing, roof-mounted a/c' s and has a large, secure parking lot with double access. This is a high rental-demand area and the property has a history of strong occupancy.

The location is in proximity to many retail, restaurant and employment opportunities (including MetroCenter) and offers easy access to I-17.

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$100,800
Operating Expenses
$37,578
Net Operating Income
$49,538
Pre-Tax Cash Flow
$49,302

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
One Bedroom, One Bath	8	$475	490
Two Bedroom, One Bath	8	$575	640

Map of 1703 W Mountain View Road, Phoenix, AZ 85019 (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 10/30/2009

Additional Information for 1703 W Mountain View Road, Phoenix, AZ 85021

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
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 - Mountain View Apartments

1703 W Mountain View Road, Phoenix, AZ, 85019