602-606 E San Juan Ave - Apartments FOR SALE


Phoenix, AZ 85012
$1,995,000 USD
602-606 E San Juan Ave, Phoenix, AZ for Sale
$1,995,000 USD
Apartments - FOR SALE
1/17
null | 5.29% Cap Rate

602-606 E San Juan Ave
Phoenix, AZ 85012


HIGHLIGHTS

  • Uncovered & Covered Parking
  • Laundry in both buildings

OVERVIEW

INCREDIBLE LOCATION! A fantastic rental / development opportunity! 8-Plex located in northern/central Phoenix area – next to 7th Street! All 8 units are partially renovated. Right next door to several restaurants on 7th St including The Yard, Stock and Stable and so many more. This quaint, cute mid 60’s complex is nicely finished with a hard wood laminate flooring, upgraded countertops but still has that 40's charm. Nicely kept yard and community area. Property is single story and divided into 2 buildings – 4 units each. Clay roofing / shingles ensures a lasting quality. 3 enclosed garages and 3 carports. This property has incredible development potential. Location opens up opportunity for increased units. Don’t let this opportunity pass you by. Have a look TODAY! SELLER FINANCING AVAILABLE – CALL FOR DETAILS

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

5.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Juan Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,592 SF

ZONING

R-3

APN/PARCEL ID

162-35-010,162-35-011

ASK ABOUT THIS PROPERTY

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