$515,000

Description

a four-unit apartment community located near Downtown Phoenix. Originally constructed in 1938, the property features a mix of studio, one-bedroom, and two-bedroom units, two of which are currently occupied. Current ownership has made upgrades to each of the unit interiors to various levels, including kitchens, bathrooms, in-unit electrical panels, and plumbing. Future ownership will have the opportunity to capture additional value-add upside through continued interior and exterior renovations. The property sits just outside of Downtown Phoenix, with easy proximity to Downtown government buildings, employment centers, and freeway access.. Great opportunity for either an investor or owner-occupant.