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2222 E Garfield St
Phoenix, AZ 85006
Absolute NNN Master Leased 4 plex · Multifamily Property For Sale
·
4 Units
Investment Highlights
- - **High Cap Rate of Over 7.5%**: Offers an excellent income-generating opportunity with a strong cap rate, ensuring robust cash flow for investors.
- - **Fully Renovated Property**: Every unit has been gutted and remodeled with top-tier finishes, including new plumbing, electrical, roofing, air cond
- - **Hassle-Free Income**: The NNN lease structure guarantees predictable income with no additional financial burdens, making this an ideal passive inv
- - **Triple Net Lease (NNN)**: A true hands-off investment with a single tenant covering 100% of expenses, including maintenance, taxes, and insurance,
- - **Turnkey Investment**: Ready to generate immediate rental income with no need for additional renovations or improvements.
- - **Diverse Unit Mix**: Consisting of 1-, 2-, and 3-bedroom units, this property caters to a wide range of tenant preferences, maximizing occupancy ra
Property Facts
| No. Units | 4 | Building Size | 3,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1958/2024 |
| Building Class | C | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | R-4 - Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2024 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R-4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Stainless Steel Appliances
- Walk-In Closets
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,495 | 425 |
| 2+1 | 2 | $1,695 | 650 |
| 3+2 | 1 | $2,695 | 1,330 |
Property Taxes
| Parcel Number | 116-03-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,581 |
Property Taxes
Parcel Number
116-03-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,581
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