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10 Multifamily Units 719-733 E Marlette 2 Multifamily Properties Offered at $2,650,000 in Phoenix, AZ
INVESTMENT HIGHLIGHTS
- Currently 90% occupied with short term leases, providing opportunity to bring to markets and / or renovate near term
- Diverse Unit Mix, providing leasing flexibility
- Well-Located strong rental demand submarket, near highways, restaurants, and outdoor hiking parks
EXECUTIVE SUMMARY
The opportunity consists of a 10-unit multifamily property located within the North Central Phoenix submarket. The property consists of two separate tax parcels, one with 8-units and the other with 2-units. The improvements are situated on a generous combined parcel square footage of 40,374 SF, with R-4 multifamily zoning. A potential value-add scenario would be to either finish renovating the two duplexes and/or develop additional units on either of the parcels.
Unit Breakdown:
#1 Bedroom Units: 6, $1350 - $1500/mo
#2 Bedroom Units: 3, $850 - $1750/mo
#3 Bedroom Units: 1
Unit Breakdown:
#1 Bedroom Units: 6, $1350 - $1500/mo
#2 Bedroom Units: 3, $850 - $1750/mo
#3 Bedroom Units: 1
PROPERTY FACTS
| Price | $2,650,000 | Number of Properties | 2 |
| Price / SF | $306.08 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,658 SF |
| Status | Under Contract | Total Land Area | 0.94 AC |
| Price | $2,650,000 |
| Price / SF | $306.08 / SF |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,658 SF |
| Total Land Area | 0.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 719 E Marlette Ave, Phoenix, AZ 85014 | Multifamily | 6,109 SF | 1968 | - |
| 733 E Marlette Ave, Phoenix, AZ 85014 | Multifamily | 2,549 SF | 1958 | - |
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10 Multifamily Units 719-733 E Marlette
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