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3060 Grand Ave 14 Unit Apartment Building $1,049,900 ($74,993/Unit) Phoenix, AZ 85017

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EXECUTIVE SUMMARY

Excellent investment opportunity! This 14-unit, garden-style property, built in 1946, offers a promising investment opportunity. The unit mix includes (9) Studio, (5) 1-bed/1-bath units The property presents a significant value-add opportunity, vacant interiors that are ready for renovation. The location is advantageous right on US 60/Grand with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property presents a significant value-add opportunity. Don't miss this chance to invest in a promising location with significant upside potential. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last! To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.

PROPERTY FACTS

Price	$1,049,900	Building Class	C
Price Per Unit	$74,993	Lot Size	0.70 AC
Sale Type	Investment	Building Size	4,832 SF
Sale Condition	Redevelopment Project	Average Occupancy	0%
No. Units	14	No. Stories	1
Property Type	Multifamily	Year Built	1946
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden
Zoning	I-1 - Property has I-1 zoning (light Industrial) with 200 feet of frontage on Grand Ave, potential to convert to Industrial use or keep as apartment unit

Price	$1,049,900
Price Per Unit	$74,993
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Garden
Building Class	C
Lot Size	0.70 AC
Building Size	4,832 SF
Average Occupancy	0%
No. Stories	1
Year Built	1946
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-1 - Property has I-1 zoning (light Industrial) with 200 feet of frontage on Grand Ave, potential to convert to Industrial use or keep as apartment unit