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1018 N 22nd Pl - 1018 - 1022 North 22nd Place 8 Unit Apartment Building Offered at $1,250,000 Phoenix, AZ 85006
Executive Summary
1018 - 1022 North 22nd Place is an 8-unit, garden-style apartment community built in 1986, featuring a desirable unit mix of 100% two-bedroom, one-bathroom apartments. The property is comprised of two individually parceled fourplexes, offering flexibility for financing or future disposition strategies. Each unit is separately metered for electricity and includes ample on-site parking. Ideally located just minutes from Downtown Phoenix, Sky Harbor International Airport, and major freeway access, the asset provides a clear value-add opportunity through interior and exterior upgrades and presents strong upside potential.
Property Facts
| Price | $1,250,000 | Building Size | 5,160 SF |
| Price Per Unit | $156,250 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1986 |
| No. Units | 8 | Opportunity Zone |
Yes
|
| Property Type | |||
| Zoning | R-5 - Residential | ||
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | |
| Building Size | 5,160 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
| Zoning | R-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 645 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 116-04-098B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,041 |
Property Taxes
Parcel Number
116-04-098B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,041
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1018 N 22nd Pl - 1018 - 1022 North 22nd Place
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