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1620 E Palm Ln
Phoenix, AZ 85006
Multifamily Property For Sale
·
7 Units
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1947/2022 |
| Building Class | C | Parking Ratio | 3.57/1,000 SF |
| Lot Size | 0.47 AC | ||
| Zoning | R3/R4 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2022 |
| Parking Ratio | 3.57/1,000 SF |
| Zoning | R3/R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Range
ABOUT 1620 E PALM LN , PHOENIX, AZ 85006
Palm Ln Studios is a 7-unit, garden-style apartment community partially renovated in 2018 with land to build additional units. The block constructed apartment was built in 1947 and the renovations include euro-style cabinets and tops, black appliances, roof, windows, and paint. The property is master metered for electricity and gas, and electrical panel and sewer have been replaced since being constructed originally. This property offers a unit mix of 6 efficiency units and a single one bedroom with in-suite washer and dryer in an area with high demand for renters and is walkable to restaurants.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $725.00 | 380 |
| 1+1 | 1 | $850.00 | 450 |
