805-825 N 2nd Ave - Apartments FOR SALE


Phoenix, AZ 85003
$4,930,000 USD
602-638-1260
805-825 N 2nd Ave, Phoenix, AZ for Sale
$4,930,000 USD
Apartments - FOR SALE
1/7
null | 5.51% Cap Rate

805-825 N 2nd Ave
Phoenix, AZ 85003


HIGHLIGHTS

  • Walking Distance to Numerous Boutique Restaurants, Bars, & Shopping
  • Individually Metered for Electricity

OVERVIEW

Discover the charm of urban living in the heart of Roosevelt Row, one of downtown Phoenix's most vibrant and eclectic neighborhoods. This 24-unit apartment complex, featuring a mix of 1-bedroom/1-bath units and studio apartments, offers tenants the perfect combination of comfort and convenience. With a total rentable square footage of 8,788 SF, this property is just steps away from boutique restaurants, trendy bars, and unique shopping destinations. Each unit is individually metered for electricity, providing tenants with independent control over their utilities. The property also includes a community laundry room for added convenience. Currently, all units are occupied by an owner-user, and the owner may consider leasing back some units temporarily, depending on the terms. Please note that all numbers provided in the listing are proforma estimates. Located in the bustling Roosevelt Row area, this is a prime opportunity for investors seeking stable income and a property with excellent long-term potential. Please note: Drive-by only. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$4,930,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

24

PRICE/UNIT

$205,417

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

R-5, Phoenix

APN/PARCEL ID

111-40-079

ASK ABOUT THIS PROPERTY

Donny PeperCLEAR COMMERCIAL ADVISORSMore Info
602-638-1260

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Donny PeperCLEAR COMMERCIAL ADVISORSMore Info
602-638-1260

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