1905 W Village Dr - Apartments FOR SALE


Phoenix, AZ 85023
$740,000 USD
602-687-6770
1905 W Village Dr, Phoenix, AZ for Sale
$740,000 USD
Apartments - FOR SALE
1/12
null | 5.91% Cap Rate

1905 W Village Dr
Phoenix, AZ 85023


OVERVIEW

Exceptional fourplex in a prime location with zero turnover in over five years. This well-maintained asset features three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Situated within the North I-17 employment corridor, the area boasts over 95,000 jobs within a 5-mile radius of the property. The roof was replaced in 2020 and comes with a 10-year warranty, while the parking lot was repaved in 2022. Long-term tenants enjoy the large yard & maintain the property, resulting in minimal expenses for the owner. The owner covers water and electricity for security and laundry, while tenants are responsible for their own electric bills. This presents a value-add opportunity with immediate upside potential, as current rents are below market and on a month-to-month basis.

FOR SALE DETAILS

PRICE

$740,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

4

PRICE/UNIT

$185,000

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

208-07-080C

ASK ABOUT THIS PROPERTY

Sutton CebrynskiMarcus & MillichapMore Info
602-687-6770

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Sutton CebrynskiMarcus & MillichapMore Info
602-687-6770

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