3060 Grand Ave 12 Unit Apartment Building $1,175,000 ($97,917/Unit) Phoenix, AZ 85017
EXECUTIVE SUMMARY
Excellent investment opportunity! This 14-unit, garden-style property, built in 1946, offers a promising investment opportunity. The unit mix includes (9) Studio, (5) 1-bed/1-bath units The property presents a significant value-add opportunity, vacant interiors that are ready for renovation. The location is advantageous right on US 60/Grand with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property presents a significant value-add opportunity. Don't miss this chance to invest in a promising location with significant upside potential. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last!
To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.
To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.
PROPERTY FACTS
| Price | $1,175,000 |
| Price Per Unit | $97,917 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 4,832 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1946 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | 325 - 480 |
| 1+1 | 5 | - | 480 |
1 of 1
PROPERTY TAXES
| Parcel Number | 108-04-003H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $17,433 |
CONTACT
-
Joseph Mahoney - JM Realty LLC
