631 N 4th Ave - Apartments FOR SALE


Phoenix, AZ 85003
$3,600,000 USD
602-687-6671
631 N 4th Ave, Phoenix, AZ for Sale
$3,600,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

631 N 4th Ave
Phoenix, AZ 85003


OVERVIEW

The Hepburn (the “Property”), a 16-unit multifamily asset, is situated among the coveted economic and entertainment prospects of Downtown Phoenix’s expanding urban culture. Set to the backdrop of the high caliber office infrastructure, the property benefits from a geographically central location offering irreplaceable walkability to all downtown has to offer. The storied Roosevelt Row acts as the gateway to the Downtown Phoenix arts and culture scene, offering convenient access to the creative center of the region, a unique neighborhood known for public art, live music performances, art galleries, eclectic boutiques, independent businesses and much more. Located within Phoenix’s Innovation Corridor, The Hepburn has access to more than ±171,000 total employees across a roster of enduring industry leaders, including Banner Health, UnitedHealth Group, Dignity Health, Freeport McMoRan, Wells Fargo, and Quicken Loans. This impressive profile of employers is due in large part to the forward-thinking multibillion-dollar investments of the adjacent Phoenix Bioscience Core (PBC) and Arizona State University – Downtown Phoenix campus, guiding the region into an era of innovation and economic relevance.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

16

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hepburn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

DTC-S-ROO

APN/PARCEL ID

111-39-010

ASK ABOUT THIS PROPERTY

Darrell MoffittMarcus & MillichapMore Info
602-687-6671

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Darrell MoffittMarcus & MillichapMore Info
602-687-6671

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