1312-1320 W 5th St
$1,150,000
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Tempe, 85281 |
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Cross Streets: Priest & Mill |
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Top Notch ASU Tempe Area |
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More like homes over apts |
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Huge all 2 bedroom mix |
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Many upgrades |
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$1700/unit average rents |
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Two duplexes-four units total |
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Close to a 6 CAP |
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Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. Hard to find & bigger than the competition all 2 bedroom unit mix (822sf/unit). Stabilized close to 6 CAP +/-. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place from $1795-$1595. Flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/ storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments. The kind of investment you're proud to own.
Cass (James) Stephens |
SJ Fowler Investment RE |
6360 E. Brown Rd |
Mesa, AZ 85205 |
602-672-3526 |
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www.phoenixmulti-family.com |