1945 W Van Buren - Hospitality FOR SALE


Phoenix, AZ 85009
$1,495,000 USD
480-433-5792
1945 W Van Buren, Phoenix, AZ for Sale
$1,495,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

1945 W Van Buren
Phoenix, AZ 85009


HIGHLIGHTS

  • NEAR THE CITY
  • NEAR PUBLIC TRANSPORTATION
  • NEAR LIGHT RAIL

OVERVIEW

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$176 USD /SF

# OF ROOMS

17

PRICE/ROOM

$87,941 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lamplighter Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

109-31-103A

ASK ABOUT THIS PROPERTY

Joseph MahoneyJM Realty LLCMore Info
480-433-5792

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Joseph MahoneyJM Realty LLCMore Info
480-433-5792

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