6221 N 13th Pl - Triplex - Seller Financing Available
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6221 N 13th Pl - Triplex - Seller Financing Available
3 Unit Apartment Building Offered at $1,085,000 at a 5.06% Cap Rate in Phoenix, AZ 85014
Investment Highlights
- 3 Units, Built 1960
- Average Unit Size: ±936 SF
- On-Site Laundry with New Washer/Dryer
- Unit Mix: (3) 2+2
- Updated/Renovated Unit Interiors
- Opportunity for Short or Long Term Rentals
Executive Summary
6221 N 13th Place is a 3-unit multifamily investment opportunity located in one of the most desirable neighborhoods of Phoenix. Originally built in 1960, this asset features (3) large 2-bedroom, 2-bathroom units measuring approximately ±936 SF each with private patios. 2 of the 3 units are currently occupied at an average rent of $1,770 per unit. The 3rd unit is fully furnished, remodeled, and vacant with both a front and back patio which makes it a great short term rental prospect. The property also features on-site laundry, covered parking, and a detached ±400 SF storage/workshop building that could potentially be converted to a studio unit. 6221 N 13th Pl presents a unique opportunity with considerable upside potential. Seller financing offers will be considered.
The Uptown Submarket is one of the most sought-after neighborhoods in the city, featuring a high-income demographic and a diverse mix of urban amenities. Tenants have easy access to popular destinations such as the Uptown Plaza, Melrose District, and Central Corridor. The area is known for its high rental demand and close proximity to major employers as well as shopping, dining, and entertainment options that are located along the 7th St Corridor.
Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
The Uptown Submarket is one of the most sought-after neighborhoods in the city, featuring a high-income demographic and a diverse mix of urban amenities. Tenants have easy access to popular destinations such as the Uptown Plaza, Melrose District, and Central Corridor. The area is known for its high rental demand and close proximity to major employers as well as shopping, dining, and entertainment options that are located along the 7th St Corridor.
Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Property Facts
| Price | $1,085,000 | Lot Size | 0.21 AC |
| Price Per Unit | $361,667 | Building Size | 2,813 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.06% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Garden |
| Price | $1,085,000 |
| Price Per Unit | $361,667 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.21 AC |
| Building Size | 2,813 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.13/1,000 SF |
Unit Amenities
- Cable Ready
- Ceiling Fans
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | 936 |
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zoning
| Zoning Code | R-3 |
| R-3 |
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6221 N 13th Pl - Triplex - Seller Financing Available
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