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1253 W Pierce St - 1249 - 1253 W Pierce St 8 Unit Apartment Building Offered at $1,325,000 at a 5.93% Cap Rate Phoenix, AZ 85007
Executive Summary
1249 - 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 700 |
| 3+1 | 4 | - | 800 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (97)
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1253 W Pierce St - 1249 - 1253 W Pierce St
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