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Northern Lanai - 8 Unit Portfolio Sale 2 Multifamily Properties Offered at $1,440,000 in Phoenix, AZ
INVESTMENT HIGHLIGHTS
- Favorable Unit Mix
- Centrally Located Near Major Employment Hubs
- Value-Add Opportunity To Increase Rents
EXECUTIVE SUMMARY
Rare Value-Add Opportunity: Two Fourplexes in the Same Community
An excellent chance to acquire a pair of fourplexes located in a quiet, residential pocket near I-17, Grand Canyon University, and the rapidly revitalizing Metrocenter area. Each building features a unit mix of one 3-bedroom/2-bath and three 2-bedroom/1-bath units, offering strong rental appeal and efficient operations. With all units individually metered and identical floorplans, property management is streamlined. This package provides immediate upside through rental increases and benefits from consistent demand in a high-growth corridor. Seller is also selling 6605 W Pasadena Ave, 2822 E Kathleen Rd, & 2813 E Monte Cristo Ave (Total Units: 12).
An excellent chance to acquire a pair of fourplexes located in a quiet, residential pocket near I-17, Grand Canyon University, and the rapidly revitalizing Metrocenter area. Each building features a unit mix of one 3-bedroom/2-bath and three 2-bedroom/1-bath units, offering strong rental appeal and efficient operations. With all units individually metered and identical floorplans, property management is streamlined. This package provides immediate upside through rental increases and benefits from consistent demand in a high-growth corridor. Seller is also selling 6605 W Pasadena Ave, 2822 E Kathleen Rd, & 2813 E Monte Cristo Ave (Total Units: 12).
PROPERTY FACTS
| Price | $1,440,000 | Number of Properties | 2 |
| Price / SF | $196.94 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 7,312 SF | |
| Sale Type | Investment | Total Land Area | 0.40 AC |
| Status | Under Contract |
| Price | $1,440,000 |
| Price / SF | $196.94 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,312 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3364 W Harmont Dr, Phoenix, AZ 85051 | Multifamily | 3,656 SF | 1974 | - |
| 3319 W Harmont Dr, Phoenix, AZ 85051 | Multifamily | 3,656 SF | 1974 | - |
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Northern Lanai - 8 Unit Portfolio Sale
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