5112 N 28th Dr - Apartments FOR SALE


Phoenix, AZ 85017
$795,000 USD
602-688-9279
5112 N 28th Dr, Phoenix, AZ for Sale
$795,000 USD
Apartments - FOR SALE
1/1
null | 3.82% Cap Rate

5112 N 28th Dr
Phoenix, AZ 85017


HIGHLIGHTS

  • Prime proximity to Grand Canyon University, a highly desirable rental area
  • Fully Occupied:** Ensures immediate income with stable tenants
  • Repairs Underway:** Enhancing property value and tenant satisfaction
  • Individually Metered for Electric:** Tenants manage their own utility usage
  • Newer Air Conditioners:** Energy-efficient and reliable climate control

OVERVIEW

Discover Investment Potential Next to Grand Canyon University Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction. Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round. Currently, the property enjoys full occupancy, reflecting its appeal and stable income potential. This high-demand location ensures a steady flow of prospective tenants, making it a strategic addition to any investor's portfolio. Don't miss out on this prime opportunity to capitalize on the thriving rental market near Grand Canyon University. Whether you're expanding your investment portfolio or seeking a reliable income stream, 5112 N 28th Dr promises exceptional returns and long-term value. Contact us today to schedule a viewing and explore the potential of this remarkable triplex in Phoenix! Disclaimer: All repairs and property details subject to verification. Potential buyers advised to conduct their own due diligence. Grand Canyon University (GCU) is located in Phoenix, Arizona, at 3300 W Camelback Rd, Phoenix, AZ 85017. Situated in the heart of the city, the university is easily accessible from major highways and is just a short drive from downtown Phoenix, Sky Harbor International Airport, and the bustling business districts of the Valley. Surrounding Area & Community GCU’s campus is in a growing urban area with a mix of residential neighborhoods, shopping centers, and local businesses. The area has seen significant development in recent years, with new housing, dining, and entertainment options catering to students, faculty, and visitors. Accessibility & Transportation Highway Access: The university is near Interstate 17 (I-17), making it convenient for commuting students and faculty. Public Transit: Several Valley Metro bus routes serve the area, and the planned expansion of Phoenix's light rail system will improve connectivity. Airport Proximity: Sky Harbor International Airport is approximately 20 minutes away, providing easy travel options for out-of-state students. Nearby Amenities Dining & Shopping: The area offers a range of fast food, casual dining, and grocery stores. Popular spots include Westgate Entertainment District (about 20 minutes away) for restaurants, shopping, and nightlife. -Recreation & Parks: Nearby parks such as Washington Park and Cortez Park offer outdoor spaces, while the GCU Golf Course is a major attraction for golf enthusiasts. Healthcare Facilities: Several hospitals and clinics are within a short drive, including Abrazo Central Campus and Banner – University Medical Center Phoenix**. Real Estate & Investment Potential The neighborhoods around GCU have been undergoing revitalization, making the area attractive for real estate investors. With a steady influx of students and faculty, there is a strong demand for rental housing, including apartments, single-family homes, and student housing developments. Private Remarks for MLS Bullet Points For Listings **Investment Opportunity at 5112 N 28th Dr, Phoenix** - **Location:** Prime proximity to Grand Canyon University, a highly desirable rental area - **Fully Occupied:** Ensures immediate income with stable tenants - **Repairs Underway:** Enhancing property value and tenant satisfaction - **Individually Metered for Electric:** Tenants manage their own utility usage - **Covered Parking:** Adds tenant convenience and appeal - **Newer Air Conditioners:** Energy-efficient and reliable climate control - **Strong Investment Potential:** High demand for rentals in this location This triplex offers an excellent opportunity for investors seeking steady returns and long-term growth in a thriving neighborhood. Contact us today for more details and to schedule a viewing! *Disclaimer: All repairs and property details subject to verification. Potential buyers advised to conduct their own due diligence.*

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

3

PRICE/UNIT

$265,000

CAP RATE

3.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex-Next to Grand Canyon University

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

M-M

APN/PARCEL ID

153-28-003D

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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