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Apartments on Latham 1609 W Latham St 12 Unit Apartment Building $1,500,000 ($125,000/Unit) Phoenix, AZ 85007
Investment Highlights
- Rare combination of multifamily and retail
- Step-in income with room to increase
- Strong access to major freeways
- Centrally located near Downtown Phoenix
- Solid rental demand with potential for value add upgrades
Executive Summary
PROPERTY HIGHLIGHTS:
12 Multifamily Units
Existing retail unit with multifamily unit redevelopment potential
Centrally located near Downtown Phoenix
Step-in income with room to increase
Solid rental demand with potential for value-add upgrades
Strong access to major freeways
12 Multifamily Units
Existing retail unit with multifamily unit redevelopment potential
Centrally located near Downtown Phoenix
Step-in income with room to increase
Solid rental demand with potential for value-add upgrades
Strong access to major freeways
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 12 | Building Size | 6,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1936 |
| Zoning | A-1 - A-1, Light Industrial District | ||
| Price | $1,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Zoning | A-1 - A-1, Light Industrial District |
Amenities
Unit Amenities
- Microwave
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 111-16-054 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,288 |
Property Taxes
Parcel Number
111-16-054
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,288
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Apartments on Latham | 1609 W Latham St
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