2102 W Morten Ave | Phoenix, AZ 85021
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2102 W Morten Ave
Phoenix, AZ 85021
Citrus Hills Apartments · Multifamily Property For Sale · 5 Units
Investment Highlights
- Larger private irrigated R-3 lot, grass, citrus trees, private patios, off street parking
- Just two blocks from the Light rail transportation system
- Busy secondary street feeds off 21st ave Northern
Executive Summary
Newly furbished apartments on Morten Ave and 21st Ave, just south of 21st Ave Northern - only 2 blocks from the light rail. Great area that is experiencing new renovations and additions. . The 18,000 square foot, irrigated lot houses citrus and pecan trees encompasses a newly-furbished triplex building (all rented), guest house/storage building (not furnished or rented), and 3 bedrooms. The storage room is newly plumbed and furbished for laundry. Check with City P&Z on the Possibility to subdivide or add an additional unit. The Seller is a licensed real estate agent. Tenants are steady most have been over 2 years, rents are below market.
PROPERTY FACTS
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 6% | Building Size | 3,200 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Conditions | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.61/1,000 SF |
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Kitchen
- Breakfast Nook
- Family Room
- Lawn
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,350 | 1,200 |
| 1+1 | 4 | $1,373 | 400 - 600 |
zoning
| Zoning Code | R-3 (R-3- Check with Planning and zoning about the possible expansion of another unit.) |
| R-3 (R-3- Check with Planning and zoning about the possible expansion of another unit.) |
Learn More About Investing in Apartment Buildings
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
