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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
1620 East Palm Lane Apartments is a 7-unit, recently-renovated property with additional upside potential. Conveniently located half a mile from the intersection of the 51 & I-10 Freeways, commuting anywhere in the valley is a breeze. The property also resides just 2 miles from the Phoenix Country Club and is situated on the outskirts of the highly sought after Coronado District. With developments in the area taking place at such a feverish pace, it could be one of the few opportunities to obtain property at these price points. When taking into account the lot size, the future uses of this property speak for themselves. This offering consists of (6) efficiency units along with (1) one-bedroom / one-bathroom unit. The garden-style, block construction has a timeless attractiveness to it. With the installation of a well-designed landscape, along with other cosmetic upgrades, there can be additional value found with this opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $786.00 | 385 |
| 1+1 | 1 | $904.00 | 490 |
