2709 E Willetta St 4 Unit Apartment Building $889,000 ($222,250/Unit) 5% Cap Rate Phoenix, AZ 85008

The Barrs in Willetta is a 4-unit garden-style property, the front-house was originally built in 1905 and the triplex was built in 1984 with block masonry. The property has been extensively remodeled inside and out in 2023, with approximately $62,500 per door in capital expenditures per unit. Upgrades include new roof, flooring, cabinets, countertops, ac units and hot water heaters for triplex, stainless steel appliances, and more. The community features a desirable mix of (1) two-bedroom, two-bath single-family home and (3) one-bedroom, one-bath units, all thoughtfully updated with modern finishes. Each unit is equipped with its own exterior storage space, private backyards and in-unit washer and dryers, and residents enjoy dedicated parking for added convenience. Each unit is also individually metered for electricity sparing the owner an additional utility cost. Ideally situated just minutes from Downtown Phoenix, Arcadia Lite, and Sky Harbor Airport, the location offers easy access to top dining, entertainment, and transportation hubs. With residential financing available, this turnkey investment presents a rare opportunity for both owner-occupants and investors alike.