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Jefferson St - 6 Units 2002 W Jefferson St 5 Unit Apartment Building $609,000 ($121,800/Unit) 10.32% Cap Rate Phoenix, AZ 85009
Investment Highlights
- Near Downtown Phoenix
- Strong population growth projected in the immediate trade area.
- High Cap Rate Property
Executive Summary
Downtown Phoenix 5-Units. Tenants are all month to month. Strong in-place rent. Current Annual Gross Income $77,400 ($6,450/Month). Current condition: Functional/C-Class. Potential for investors to reposition into 7 Units and optimize cash flow. Property has a current city violation related to two non-conforming units. Seller will provide full documentation. Property is sold in as-is condition. Priced accordingly for experienced investors. Buyer shall verify all facts and figures.
Unit #1 - 1bd/1ba $1350, Unit #2 - 2bd/1ba $1450, Unit #3 - Studio $1,000, Unit #4 - 1bd/1ba $1100, Unit #5 - 2bd/1ba $1550, Unit #6 - Studio $900.
Unit #1 - 1bd/1ba $1350, Unit #2 - 2bd/1ba $1450, Unit #3 - Studio $1,000, Unit #4 - 1bd/1ba $1100, Unit #5 - 2bd/1ba $1550, Unit #6 - Studio $900.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $900.00 | - |
| 1+1 | 2 | $1,266 | - |
| 2+1 | 2 | $1,200 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 109-49-120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,379 |
Property Taxes
Parcel Number
109-49-120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,379
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Jefferson St - 6 Units | 2002 W Jefferson St
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