2104 E Eugie Ter - Apartments FOR SALE


Phoenix, AZ 85022- North Mountain
$2,750,000 USD
602-228-1941
2104 E Eugie Ter, Phoenix, AZ for Sale
$2,750,000 USD
Apartments - FOR SALE
1/13
null | 5.9% Cap Rate

2104 E Eugie Ter
Phoenix, AZ 85022
North Mountain


OVERVIEW

View 21 Apartments is comprised of 14 large two bed/two bath units with new in unit washer/dryers, VIEW 21 offers investors immediate upside by continuing to bring all units to proven market rents even though rents have been increased over the past 2 years, there is still room to increase them even further. There is further value add through finishing the partially renovated units to better leverage unit mix, location and amenities. Project has covered parking, new roofs and a gated updated pool. Vacant old laundry room next to pool adds further opportunity to provide amenity or added income through storage units. This desirable asset is located in a strong rental demand area with easy access to infrastructure and employment in North Central Phoenix.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

14

PRICE/UNIT

$196,429

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

View 21 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,666 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

166-10-004

ASK ABOUT THIS PROPERTY

Jake AllenTradelands LLCMore Info
602-228-1941

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Jake AllenTradelands LLCMore Info
602-228-1941

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