338 E Portland St | Phoenix, AZ 85004
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- LoopNet Team
338 E Portland St
Phoenix, AZ 85004
Redevelopment Opportunity · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 9-unit apartment complex. All one bedroom one bathroom
- Located in the heart of Downtown Phoenix, situated next to bars, restaurants and night life. Within minutes of both the ASU and UofA downtown campuses
- The purchase price comes with a finished survey
- Individually metered for electric
- This rare development opportunity will allow a buyer to build up to 48 units with the possibility of a ground floor retail space.
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,282 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1948/2022 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | DTC-E-EV - Zoned DTC-E-EV: allows up to 250’ height, 100% lot coverage, no parking min. Ideal for high-density mixed-use or multifamily development. | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,282 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2022 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | DTC-E-EV - Zoned DTC-E-EV: allows up to 250’ height, 100% lot coverage, no parking min. Ideal for high-density mixed-use or multifamily development. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Coffee System
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Linen Closet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Security System
- Gated
- Video Patrol
- Furnished Units Available
- Pet Play Area
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,200 | - |
PROPERTY TAXES
| Parcel Number | 111-38-061 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $101,980 |
PROPERTY TAXES
Parcel Number
111-38-061
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$101,980
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