2002-2010 N 50th St - Apartments FOR SALE


Phoenix, AZ 85008- Papago
$1,935,000 USD
602-344-9258
2002-2010 N 50th St, Phoenix, AZ for Sale
$1,935,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

2002-2010 N 50th St
Phoenix, AZ 85008
Papago


HIGHLIGHTS

  • 8 Units in the Heart of the Phoenix Metroplex (6 Units Fully Renovated)
  • 7 Two-Bedroom / One-Bathroom Units & 1 Three-Bedroom / One-Bathroom Unit
  • Value-Add Potential Through Additional Interior & Exterior Renovations, Including the Creation of Private Yards Which Demand a Premium
  • New Cabinets, Quartz Countertops, & Stainless Steel Appliances & Full-Size Stacked Washer / Dryer in Renovated Units
  • Walking Distance to Arcadia Crossing (Costco, Target, Fry’s, Five Below, Five Guys, Ross, Etc.)
  • Each Fourplex Available Individually - 2002 N 50th St Available for $980,000 & 2010 N 50th St Available for $955,000

OVERVIEW

ALSO AVAILABLE AS INDIVIDUAL FOURPLEXES. The 50th Street Apartments is an 8-unit property with 6 fully renovated units, ideally situated in a prime location in the heart of the Phoenix metroplex. The property consists of two separate parcels, allowing for residential financing on each fourplex if desired. Located less than 15 minutes from downtown Phoenix, Scottsdale, Tempe, the Biltmore area, and within 5 miles of Arizona State University and Old Town Scottsdale, this property offers residents quick access to all that the Phoenix area has to offer. The SR-143 Freeway onramp is just around the corner along with the Arcadia Crossing Shopping Center which features area amenities such as Fry’s Food and Drug, Target, Petco, and Costco Wholesale. The property includes seven two-bedroom / one-bathroom units and one three-bedroom / one-bathroom unit. The six renovated units feature LVP flooring, new cabinets, quartz countertops, new electrical and plumbing fixtures, stainless steel appliances, full-size stacked washer / dryer connections (with appliances included), shower / tub surrounds, fresh paint, new baseboards, and more. The property also boasts ample outdoor space for potential barbecue areas or private yard space and a number of on-site storage units that could be utilized by the owner or rented out.

FOR SALE DETAILS

PRICE

$1,935,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

8

PRICE/UNIT

$241,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

50th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

126-18-016K,126-18-016L

ASK ABOUT THIS PROPERTY

John KlocekABI MultifamilyMore Info
602-344-9258

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John KlocekABI MultifamilyMore Info
602-344-9258

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