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1747 E Virginia Ave 4 Unit Apartment Building $950,000 ($237,500/Unit) Phoenix, AZ 85006
Investment Highlights
- 4-Unit Multifamily Investment | Built in 1971 – Well-maintained small multifamily asset featuring four total residential units
- Average Unit Size of 690 Square Feet – Efficiently designed floor plans that maximize livability while maintaining strong rent-to-size ratios
- In-Unit Washer & Dryer in All Units – A premium amenity that improves tenant convenience, supports higher rents, and reduces turnover
- Desirable Unit Mix: Four (4) 2 Bedroom / 1 Bathroom Units – A highly marketable configuration that appeals to a broad tenant base
- Extensively Renovated Interior & Exterior – Property has undergone substantial upgrades, enhancing curb appeal and interior finishes
- Strategic Location Near Phoenix Children’s Hospital – Close proximity to a major medical employment hub
Executive Summary
Matthews™ is pleased to present 1747 E Virginia Ave, a 4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children’s Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases.
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $237,500 | Building Size | 2,760 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi | ||
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 2,760 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | Multi |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Oven
- Window Coverings
Site Amenities
- Courtyard
- Picnic Area
- Cabana
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 690 |
1 1
Property Taxes
| Parcel Number | 117-05-070A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,929 |
Property Taxes
Parcel Number
117-05-070A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,929
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1747 E Virginia Ave
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