Madison Jefferson 3224 W Madison St 20 Unit Apartment Building $2,400,000 ($120,000/Unit) Phoenix, AZ 85009

Ideally positioned just West of Central Phoenix's largest major employment corridor, Madison Jefferson (“the property”) is a 20-unit multifamily community located near the intersection of 33rd Avenue and Jefferson Street. The property offers extremely attractive, assumable City of Phoenix financing at a below-market interest rate and high leverage, which materially lowers the cost of capital and improves investor returns. This favorable financing structure enhances short-term cash flow and yield from day one, while amplifying long-term returns as operational improvements are executed. Future ownership has the opportunity to meaningfully improve NOI through leasing, management, and market-aligned rent increases beginning immediately. Additional upside can be found through light interior and exterior improvements aimed at creating a more uniform and modernized product, improving leasing and retention efforts. Collectively, the combination of accretive in-place financing and operational upside positions Madison Jefferson as one of the highest yielding multifamily opportunities in the Phoenix market today.
Completed in 1963/1964, Madison Jefferson is comprised of 20 two-bedroom (100%) floorplans, offering an average of ±580 square feet per unit. All units feature new electrical panels with a mixed level of interior renovation scopes. Updated units boast new white appliances, epoxy floors, and hard-surface countertops. Additionally, each building hosts its own laundry facility featuring property-owned coin operated washing and drying machines. Future ownership will have the opportunity to increase rents in-line with HUD's 2026 allowable rents, which is ±$700 above in-place levels.