2203 E McKinley St - Apartments FOR SALE


Phoenix, AZ 85006
$1,850,000 USD
480-992-5958
2203 E McKinley St, Phoenix, AZ for Sale
$1,850,000 USD
Apartments - FOR SALE
1/11
null | 7% Cap Rate

2203 E McKinley St
Phoenix, AZ 85006


OVERVIEW

EXCLUSIVELY LISTED BY ORION INVESTMENT REAL ESTATE'S COLT SILER & GARRETT HEMEYER - McKinley apartments is a 10-unit multifamily opportunity located in the East Side Submarket of Phoenix, Arizona. Originally built in 1964 and updated under current and prior ownership, this asset is strategically positioned near the Phoenix Sky Harbor International Airport. Supporting this location are several economic drivers including education, leisure and hospitality, and financial services. The roof is in like-new condition, the entire exterior has been refinished, and interiors have received updates to accommodate the current tenant base. Additionally, the property has a strong rapport with HOM Inc, providing strong rents and hands-off marketing. Community amenities include an on-site laundry facility, on-site storage for each unit, and a large courtyard with the potential to incorporate additional tenant amenities, and large private patios for most units. Future ownership will have the opportunity to acquire a well-maintained asset through favorable seller financing that offers immediate cash flow from day one.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

10

PRICE/UNIT

$185,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McKinley St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,354 SF

ZONING

R-4, Phoenix

APN/PARCEL ID

116-03-090G

ASK ABOUT THIS PROPERTY

Colt SilerORION Investment Real EstateMore Info
480-992-5958

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Colt SilerORION Investment Real EstateMore Info
480-992-5958

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