6215 N 14th St - Apartments FOR SALE


Phoenix, AZ 85014
$1,000,000 USD
602-975-0816
6215 N 14th St, Phoenix, AZ for Sale
$1,000,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

6215 N 14th St
Phoenix, AZ 85014


HIGHLIGHTS

  • 3 Units, Built in 1959 / Renovated 2022
  • Unit Mix: (2) 2+1, (1) 1+1
  • Current Average Rent: $1,783
  • Renovated Interiors & Exterior
  • Strong Occupancy History
  • Prime North/Central Phoenix Location

OVERVIEW

Greentree Palms is a 3-unit apartment community located in the highly desirable Uptown area of North/Central Phoenix. Built in 1959, this asset has been extensively renovated and consists of (2) 2 bedroom, 1 bath units and (1) 1 bedroom, 1 bath unit. Currently the two bedroom units rent for $1,800 - $2,100 and the one bedroom unit rents for $1,550. The prime location of this asset presents a unique opportunity for an investor to live in one unit and rent out the others, operate as short term rental, or continue to operate as long term rentals. The Uptown Phoenix Submarket features a high-income demographic that sits near one of Phoenix’s major employment corridors along Central Avenue. Additionally, this primely located asset sits just down the street from many of the best coffee shops, cocktail bars, and new restaurant concepts in the city that are located along the 7th St Corridor. Easy access to these amenities as well as areas such as the Biltmore Fashion Park and Downtown make this one of the most highly coveted areas in all of Phoenix. Broker of Record Simon Assaf License No. CO701910000 (AZ) (866) 889-0550 Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

3

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GREENTREE PALMS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3, Phoenix

APN/PARCEL ID

161-09-055

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
602-975-0816

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
602-975-0816

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