1313-1317 1321 E. Carol Ave - Apartments FOR SALE


Phoenix, AZ 85020
$1,980,000 USD
480-948-5554
1313-1317 1321 E. Carol Ave, Phoenix, AZ for Sale
$1,980,000 USD
Apartments - FOR SALE
1/34
null | 5.53% Cap Rate

1313-1317 1321 E. Carol Ave
Phoenix, AZ 85020


OVERVIEW

Here is your opportunity to own three single level triplexes in a row. Each is on a separate parcel giving you the opportunity to utilize either conventional financing or commercial lending. This well-maintained property backs to desert area and a park. Great mountain views in all directions. Grassy areas outside the front doors of all the buildings is inviting and beautiful. All units are Spacious 2 bedrooms, 1 bath with 880 square feet of living space. Buildings have separate storage rooms for each tenant. Kitchens have dining area and sliding door to back patio. There are two coin-op laundry rooms. Complex is 100% occupied and is easy to manage. Self-manage this one and get an immediate cap rate of 5.5%. Increase rents and bring it up to a 6.2% cap rate. Drive by only. Do Not Disturb Tenants.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

9

PRICE/UNIT

$220,000

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carol Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

159-31-106,159-31-107,159-31-108

ASK ABOUT THIS PROPERTY

Howard RudinWest USA CommercialMore Info
480-948-5554

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Howard RudinWest USA CommercialMore Info
480-948-5554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.