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1714 N 32nd St 5 Unit Apartment Building $845,000 ($169,000/Unit) 7.10% Cap Rate Phoenix, AZ 85008
INVESTMENT HIGHLIGHTS
- Updated units
- New Roof installed in 2021
- Large lot to add 2 additional units (R-3 Zoning)
EXECUTIVE SUMMARY
5 Units » All Units Updated in the past 2 years » In-Unit Laundry/Hook-Ups » New Roof 2021 » Massive Lot for Expansion » High-Demand Area » Growth Play » Collect cash flow while planning your value-add or expansion strategy. (NOI reflects full lease-up, which we're approaching through ongoing marketing efforts and prospective tenant applications.)
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,840
|
$30.16
|
| Other Income |
$4,831
|
$1.72
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,671
|
$31.88
|
| Taxes |
$1,854
|
$0.66
|
| Operating Expenses |
$18,009
|
$6.40
|
| Total Expenses |
$19,863
|
$7.06
|
| Net Operating Income |
$69,808
|
$24.82
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $84,840 |
| Annual Per SF | $30.16 |
| Other Income | |
|---|---|
| Annual | $4,831 |
| Annual Per SF | $1.72 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $89,671 |
| Annual Per SF | $31.88 |
| Taxes | |
|---|---|
| Annual | $1,854 |
| Annual Per SF | $0.66 |
| Operating Expenses | |
|---|---|
| Annual | $18,009 |
| Annual Per SF | $6.40 |
| Total Expenses | |
|---|---|
| Annual | $19,863 |
| Annual Per SF | $7.06 |
| Net Operating Income | |
|---|---|
| Annual | $69,808 |
| Annual Per SF | $24.82 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Built-In Bookshelves
- Freezer
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,470 | 400 |
| 2+1 | 1 | $1,545 | 800 |
| 3+1 | 1 | $1,650 | 1,000 |
| Studios | 1 | $935.00 | 300 |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 120-20-030A | Total Assessment | $14,260 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $1,854 ($0.66/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
120-20-030A
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$14,260 (2025)
Annual Taxes
$1,854 ($0.66/SF)
Tax Year
2026
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1714 N 32nd St
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