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1826 N 51st St
Phoenix, AZ 85008
Desert Villa · Multifamily Property For Sale
·
29 Units
Investment Highlights
- 29 Garden-Style Units Built in 1981 & 1984. Attractive Mix of One & Two-Bedroom Unit Types
- Tenants Enjoy On-Site Laundry, Swimming Pool & Covered Parking
- Value-Add Opportunity Through Additional Interior & Exterior Renovations
- 60% In-Suite Laundry & Private Backyards. Individually Metered for Electricity & Hot Water
- Quick Access to the Loop 202 Freeway, Interstate 10 & Phoenix Int’l Airport. Close Proximity to Downtown Phoenix, Scottsdale & Tempe
- Substantial Upside Remaining - significant loss-to-lease and more than $325 per unit rental spread vs. rental comps with renovated units on the same s
Property Facts
| No. Units | 29 | Lot Size | 1.49 AC |
| Property Type | Multifamily | Building Size | 19,846 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1981/1984 |
| Zoning | R-3, Phoenix - Residential | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 19,846 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built/Renovated | 1981/1984 |
| Zoning | R-3, Phoenix - Residential |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Family Room
- Framed Mirrors
- Freezer
- Patio
- Porch
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | 624 - 629 |
| 2+1 | 8 | - | 823 - 829 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $13,293 | Total Assessment | $109,461 |
Property Taxes
Parcel Numbers
Land Assessment
$13,293
Improvements Assessment
$0
Total Assessment
$109,461
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