751 E Southern Ave - Apartments FOR SALE


Phoenix, AZ 85040- South Mountain
$599,000 USD
310-721-2896
751 E Southern Ave, Phoenix, AZ for Sale
$599,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

751 E Southern Ave
Phoenix, AZ 85040
South Mountain


HIGHLIGHTS

  • Fully renovated in 2023 with new appliances, flooring, electrical, plumbing, ductwork, AC, and roof.
  • Features two 600 SF units and one 860 SF attached home, ideal for multi-family or rental income.
  • Spacious lot with ample parking and potential to add an additional lot or expand.
  • Strong rental income with immediate cash flow opportunity.
  • Located in a rapidly growing area of Phoenix near highways, schools, parks, and public transit.

OVERVIEW

Recently renovated property at 751 E Southern Ave, Phoenix, AZ 85040 featuring a front duplex and a detached 2bd/2ba home in the rear. Duplex units are 1bd/1ba, approx. 600 sq ft each with fenced yards. The detached home offers 860 sq ft, a laundry room, and covered patio. Fully updated in 2023 with new appliances, fixtures, plumbing, flooring, AC, and roof. Duplex units partially updated 2023-2024 with a new roof. Zoned with potential to add 2 units for increased income. Live in one, rent the others. Located in a growing area with easy access to highways, transit, schools, and parks. Great long-term investment opportunity! Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,667

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

751 E Southern Units

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,333 SF

ZONING

m-m

APN/PARCEL ID

114-26-005

ASK ABOUT THIS PROPERTY

Roger PhillipsKW CommercialMore Info
310-721-2896

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Roger PhillipsKW CommercialMore Info
310-721-2896

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