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928 W McDowell Rd
Phoenix, AZ 85007
McDowell Apartments · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Sold for $639,000, the highest price ever for a 4 unit in the 85007 zip code of Phoenix (per ARMLS)!
- Palmcroft District, tucked in next to the well-known Encanto District & FQ Story.
- Operating around a 5 CAP with below market rents. Opportunity to raise rents.
- All 2 bedroom units (677 SF each). Rents are $950, $950, $980, $1025 (lower rents are long-term tenants).
- Value-add with 3 evaporative coolers, two-wire electric with low amps, tired units needing cosmetics.
Property Facts
| No. Units | 4 | Building Size | 2,708 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R-5 - High-density MF | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,708 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | R-5 - High-density MF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $987.50 | - |
Property Taxes
| Parcel Number | 111-09-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,396 |
Property Taxes
Parcel Number
111-09-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,396
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