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2242 Taylor st - 2242 E Taylor Street 5 Unit Apartment Building Offered at $785,000 at a 7.15% Cap Rate Phoenix, AZ 85006
Investment Highlights
- Five-unit multifamily in Central Phoenix with updated interiors and diverse floor plans for tenant flexibility.
- Seller financing available at 5.75% interest only with 40% down, providing flexible acquisition options.
- Value-add opportunity through continued interior and exterior renovations to capture additional upside.
- Current cap rate of 7.15% and NOI of $56,147, offering steady cash flow and attractive returns for investors.
- Prime location near Downtown Phoenix, Sky Harbor Airport, Loop 202, and I-10 for excellent connectivity.
- Low 23% expense ratio and competitive average unit rents of $1,214 support strong investment fundamentals.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price | $785,000 | Property Type | Multifamily |
| Price Per Unit | $157,000 | Building Size | 2,920 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.15% | Year Built | 1944 |
| No. Units | 5 | Opportunity Zone |
Yes
|
| Price | $785,000 |
| Price Per Unit | $157,000 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 2,920 SF |
| No. Stories | 1 |
| Year Built | 1944 |
| Opportunity Zone |
Yes |
1 1
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 116-01-043 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,833 |
Property Taxes
Parcel Number
116-01-043
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,833
Contacts
-
Sara Kuglin -
Brad Skenderian -
Kyle Inman -
Matthews Real Estate Investment Services
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2242 Taylor st - 2242 E Taylor Street
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