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1822 N 32nd St
Phoenix, AZ 85008
Fringe on 32nd · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Fringe on 32nd presents a 24-unit multifamily complex originally built in 1981 and fully remodeled in 2022.
- Fringe on 32nd received a $1.1 million CapEx injection with interior and exterior improvements.
- There are new stainless-steel appliances, built-in microwaves, dishwashers, wood-plank flooring, new ABS sewer lines, and new hot water heaters.
- This majority-occupied investment opportunity presents further upside in increased operations.
- CapEx improvements include new custom shaker kitchen and bathroom cabinetry, quartz countertops and backsplashes, PEX plumbing, and new wiring.
- Seller financing is available at a 4.25% I/O rate.
Property Facts
| No. Units | 24 | Building Size | 16,175 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1981/2022 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Lot Size | 0.70 AC | ||
| Zoning | R-4 - residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 16,175 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2022 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | R-4 - residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
- Wet Bar
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,100 | 480 |
| 1+1 | 19 | $1,295 | 640 |
| 2+1 | 4 | $1,495 | 837 |
Property Taxes
| Parcel Number | 120-20-079 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $72,489 |
Property Taxes
Parcel Number
120-20-079
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$72,489
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