2324 W Lone Cactus Dr - Apartments FOR SALE


Phoenix, AZ 85027- Deer Valley
$865,000 USD
602-714-8994
2324 W Lone Cactus Dr, Phoenix, AZ for Sale
$865,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2324 W Lone Cactus Dr
Phoenix, AZ 85027
Deer Valley


OVERVIEW

This 4-unit garden-style property, built in 2004, offers a strong investment opportunity with a desirable unit mix and value-add potential. All four units are spacious 2-bedroom, 1-bathroom layouts, each approximately 900 square feet, and equipped with an in-unit washer and dryer. The property features an on-site parking lot and provides private storage space for each tenant, enhancing convenience and tenant satisfaction. Individually metered for electricity, the asset offers operational efficiency and reduced owner expenses. Located in the growing Deer Valley neighborhood, just under 20 miles north of Downtown Phoenix, the property boasts excellent connectivity via Interstate 17 and is well-positioned for long-term appreciation. With light value-add potential through continued interior and exterior improvements, this asset presents a compelling opportunity for investors seeking stable cash flow and upside.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

4

PRICE/UNIT

$216,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,930 SF

ZONING

M-H

APN/PARCEL ID

209-07-116

ASK ABOUT THIS PROPERTY

Andrew ArambulaABI MultifamilyMore Info
602-714-8994

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Andrew ArambulaABI MultifamilyMore Info
602-714-8994

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