For Sale
$1,850,000

2203 Mckinley StPhoenix, AZ 85006

10-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 10-unit apartment building, located at 2203 E McKinley St, Phoenix, AZ 85006, presents a compelling investment opportunity. Boasting 5,220 square feet on a 17,354 square foot lot (APN: 116-03-090G), this property is zoned R-4 by the City of Phoenix. Built in 1964, the complex has undergone significant updates, including a like-new roof and a completely refinished exterior. Interior renovations have been completed to enhance tenant comfort. Each unit benefits from on-site storage, and the property features a convenient on-site laundry facility and a spacious courtyard with potential for amenity expansion. Many units also include large private patios. The property enjoys a strong relationship with HOM Inc., ensuring consistent rental income and streamlined marketing. Its strategic location near Phoenix Sky Harbor International Airport benefits from nearby economic drivers in education, leisure, hospitality, and financial services. This well-maintained asset offers immediate cash flow potential and is available for acquisition with favorable seller financing. The property's strong tenant base and existing amenities make it an attractive investment for those seeking a stable and profitable multifamily property in a desirable Phoenix location.

Highlights

  • 10-unit apartment building at 2203 E McKinley St, Phoenix, AZ 85006.
  • 5,220 sq ft building on a 17,354 sq ft lot (APN: 116-03-090G), R-4 zoning.
  • 1964 construction with recent roof replacement, exterior refinishing, and interior renovations.
  • On-site laundry, courtyard, and individual unit storage; many units have private patios.
  • Strong rental income via existing relationship with HOM Inc.; favorable seller financing available.
  • Excellent location near Phoenix Sky Harbor Airport, benefiting from strong local economy.

Property Details for 2203 Mckinley St

Property type
Apartment buildings
Square Feet
5,220 SF
Year Built
1964
Units
10

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4567264
Longitude
-112.0341476
2203 Mckinley St, Phoenix, Arizona

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2203 Mckinley St
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