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ASH&KO 1538 W Osborn Rd

8 Unit Apartment Building $3,295,000 ($411,875/Unit) 10.16% Cap Rate Phoenix, AZ 85015

Investment Highlights

  • Luxury Renovations and High-End Finishes ($1mm plus reno)The property has been fully renovated with modern and stylish updates throughout all units
  • Prime Location with Excellent Accessibility
  • The property has consistently generated strong revenue
  • Stunning Outdoor Amenities and Courtyard
  • Fully Furnished, Ready-to-Rent Units

Executive Summary

Prime Investment Opportunity: Fully Renovated Luxury Boutique Property in Midtown Phoenix
Introducing Ash & Ko Boutique Lodging, a rare and exclusive investment opportunity located in the heart of Midtown Phoenix. This meticulously renovated, fully operational boutique multifamily offers 8 luxury units, each professionally designed and furnished to cater to the growing demand for short-term and corporate rentals. With turnkey income-generating potential and prime positioning in one of Phoenix’s most desirable neighborhoods, this property is a high-yielding asset ideal for investors seeking both immediate returns and long-term appreciation.
Flexible Usage:
The property’s luxury design and strategic location make it ideal for short-term rentals, corporate retreats, and long-term leases. With its unique blend of modern amenities, high-end finishes, and excellent location, it caters to a wide range of guests, from professionals to vacationers, ensuring high occupancy rates and sustained profitability.
Why Invest in Ash & Ko Boutique Lodging?
Immediate Cash Flow: Proven income generation from short-term rental platforms, with significant growth potential.
Turnkey Investment: Fully renovated and furnished, with luxury amenities and minimal upfront costs for new ownership.
High Occupancy & Strong Cap Rates: neighborhood occupancy and favorable cap rates make this a secure, high-yielding investment.
Location & Growth: Positioned in one of Phoenix’s fastest-growing real estate markets, surrounded by key attractions, business hubs, and top-tier amenities.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,295,000
Price Per Unit $411,875
Sale Type Investment
Cap Rate 10.16%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 9.02
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.39 AC
Building Size 4,828 SF
Average Occupancy 100%
No. Stories 1
Year Built 1953
Parking Ratio 2.07/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Fireplace
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Security System
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Wi-Fi
  • Yard
  • Grill
  • Coffee System
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Freezer
  • Garden
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Pantry
  • Patio
  • Porch
  • Smoke Free
  • Window Coverings

Site Amenities

  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Gated
  • Furnished Units Available
  • Grill
  • Gas Range
  • Pet Play Area
  • Putting Greens
  • Smoke Free
  • Wi-Fi
  • Storage Space
  • Lounge
  • Zen Garden
  • Green Community
  • Fiber Optic Internet

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 701 - 810
Studios 4 - 506
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
110-15-091
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$10,930 (2024)

zoning

Zoning Code M-H
M-H
  • Listing ID: 33207426

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 1538 W Osborn Rd, Phoenix, AZ 85015

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