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2011 N 51st St
Phoenix, AZ 85008
Tropicana Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Desirable East Phoenix Location with High Barriers to Entry
- Excellent Unit Mix with an Average Unit Size of 728 Square Feet
- High Demand Rental Market with Strong Fundamentals (Submarket Average Rents Increased 8.47% Y-O-Y and Submarket Vacancy Averages 4.56%)
- Completely Renovated and Repositioned with Premium Finishes Totaling over $25,000 per Unit
- 1979 Construction that Shows Pride of Ownership with an Attractive Retro Design
- Additional Revenue Enhancement by Continuing in-Suite Washer/Dryer Installation which Gains a $100 Proven Rent Premium
Property Facts
| No. Units | 20 | Lot Size | 1.29 AC |
| Property Type | Multifamily | Building Size | 14,910 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1979 |
| Zoning | R-3, Phoenix | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 14,910 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1979 |
| Zoning | R-3, Phoenix |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 700 |
| 2+1 | 2 | - | 855 - 1,700 |
| 3+2 | 1 | - | 1,650 |
Property Taxes
| Parcel Number | 126-21-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $70,238 |
Property Taxes
Parcel Number
126-21-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$70,238
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