602 San Juan AvePhoenix, AZ 85012

Exceptional investment opportunity in central Phoenix! This 8-unit apartment building, encompassing two single-story buildings at 602 & 606 E San Juan Ave, presents a compelling blend of established income and significant upside potential. The property boasts 4,246 square feet of net rentable space situated on a generous 19,080 square foot lot. Built in 1948, the complex features eight units, each partially renovated with hardwood laminate flooring and upgraded countertops, while retaining charming original details. Amenities include three enclosed garages and three carports, along with ample storage. The property benefits from its R2, R3, and R4 zoning, opening doors to potential redevelopment and increased unit density. Its prime location near 7th Street offers proximity to numerous restaurants and vibrant city life. Seller financing is available. This is a rare chance to acquire a well-maintained, centrally located multifamily property with substantial growth potential. The property is offered fee simple and has a total asking price of $1,995,000, or $249,375 per unit. The Maricopa County APN is 162-35-011. Don't miss this chance to own a piece of Phoenix's thriving real estate market.