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5225 N 17th Ave

6 Unit Apartment Building $1,279,000 ($213,167/Unit) Phoenix, AZ 85015

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Executive Summary

Passive income producing property available in opportunity zone. Washer and dryer hookups available in each unit. Value add opportunity by increasing rents and updating house on property. Rents are substantially below current market value. New zoning ordinances adopted by City of Phoenix council for higher density. Surrounding properties have city pre approval for new development. Please do due diligence and consult with land use attorn

Property Facts

Price	$1,279,000	Building Class	C
Price Per Unit	$213,167	Lot Size	0.55 AC
Sale Type	Investment	Building Size	4,249 SF
No. Units	6	No. Stories	1
Property Type	Multifamily	Year Built	1963
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$1,279,000
Price Per Unit	$213,167
Sale Type	Investment
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.55 AC
Building Size	4,249 SF
No. Stories	1
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.