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4515 N 14th Pl - Tri-Plex In Desirable Central Phoenix 3 Unit Apartment Building Offered at $985,000 at a 4.05% Cap Rate Phoenix, AZ 85014
Investment Highlights
- Renovated to the studs in 2016
- Unique unit configuration with private outdoor space
- Strong Tenant base, including long term occupants
Executive Summary
Turn-key Central Phoenix triplex comprised of two buildings with separate addresses. Front building (4515) is 2018 new construction featuring Unit A (1bd/1ba) and Unit B (2bd/1ba), each with private yard and dedicated parking. Rear residence (4513) is a freestanding 2bd/1ba home fully renovated to the studs in 2016 with gated driveway and four uncovered spaces. All units offer inside laundry and private individual yards. Complete foam roof recoated and full exterior painted in 2020. No HOA. Stabilized asset in a strong Uptown rental corridor with long-term appreciation potential. Strong tenant base. Tenants pay own electric.
*Do not disturb tenants. Drive-by only. *All showings subject to accepted contract. Buyer to verify all facts and figures. *Seller is also offering other triplex and fourplex assets in Central Phoenix & Scottsdale. *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.
*Do not disturb tenants. Drive-by only. *All showings subject to accepted contract. Buyer to verify all facts and figures. *Seller is also offering other triplex and fourplex assets in Central Phoenix & Scottsdale. *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (70)
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4515 N 14th Pl - Tri-Plex In Desirable Central Phoenix
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