Also available as five separate offerings! This allows investors to tailor their purchase to their operational or investment objectives. Each grouping consists of no more than 4 units in 2 separate buildings which opens the door up to additional financing options. Newly constructed in 2023. Minutes from Downtown Phoenix, this high class asset combines high-end finishes, spacious modern floor plans (2BR/2BA and 3BR/2BA), and immediate access to major employment centers, transportation corridors, and urban amenities.
Property Features
Bathrooms
Appliances
- Free-Standing Range
- Disposal
- Dishwasher
- Refrigerator
- Microwave
- Washer/Dryer
Heating and Cooling
- Cooling Features: Electric, Heat Pump
- Heating Features: Electric
- Heating: Yes
Interior Features
Garage and Parking
- Covered Spaces: 18
- Open Parking Spaces: 27
- Parking Features: Paved, Free, >1 Space Per Unit
Land Info
- Lot Size Dimensions: 108x505
Multi-Unit Info
- Number of Buildings: 9
- Number of Units: 18
- Number of 2 Bedroom Units: 10
- Number of 3 Bedroom Units: 8
- Total Bathrooms in the 2 Bedroom Units: 2
- Total Bathrooms in the 3 Bedroom Units: 2
- Total Actual Rent of 2-Bedroom Units: 1601
- Total Actual Rent of 3-Bedroom Units: 1745
School Information
- Elementary School: John F Kennedy Elementary School
- Elementary School District: Roosevelt Elementary District
- High School: South Mountain High School
- High School District: Phoenix Union High School District
- School District: Phoenix Union High School District
Rental Info
- Gross Income: 361003.37
- Gross Scheduled Income: 364775
Amenities and Community Features
- Community Features: No Pool
Other Property Info
- Annual Tax Amount: 20798
- Source Listing Status: Active
- County: Maricopa
- Cross Street: 11th Street & Roeser Road
- Cap Rate: 5.45
- Tax Year: 2025
- Source Property Type: Multiple Dwellings
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
- Parcel Number: 113-50-160
- Postal City: Phoenix
- Public Survey Section: 28
- Township: 1N
- Zoning: R-3
Commercial Info
- Net Operating Income: 259761
- Operating Expense: 20798
Utilities
- Electric: SRP, Individual Meter
- Sewer: Public Sewer
- Water Source: Individual Meter, City Franchise
Building and Construction
- Year Built: 2021
- Construction Materials: Wood Frame, Painted, Stucco
- Property Age: 4
- Roof: Foam
