1801 25Th PlPhoenix, AZ 85008

Property Details for 1801 25Th Pl

Year built

1958

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously renovated seven-unit multifamily property located in Phoenix, Arizona. The property, situated on a spacious 20,393 square foot lot, consists of six buildings: five individual units and one duplex. Built in 1958 and extensively renovated in 2022, this Class B property offers a compelling combination of established infrastructure and modern upgrades. Each unit boasts a welcoming living room with a calming color palette, an eat-in kitchen equipped with stainless steel appliances, cozy bedrooms, and in-unit laundry. Private backyards provide additional outdoor space for residents. The property's convenient location, just north of McDowell Road, offers easy access to major freeways including Loop 202, I-10, and AZ-51, providing seamless connectivity throughout the Phoenix metropolitan area. The property is zoned R-3, and the asking price is $1,600,000, representing a price per unit of $228,571.43. The property boasts a strong Net Operating Income (NOI) of $117,936, resulting in an attractive 7.37% capitalization rate. This is a free and clear ownership opportunity with significant potential for future appreciation and strong cash flow. The property's location between Downtown Phoenix and Sky Harbor Airport further enhances its desirability and investment potential. This is a turnkey investment ready for immediate income generation. The property's address is 1801 N 25th Pl, Phoenix, AZ 85008, and the APN is 120-29-048-A.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4677

Longitude

-112.027

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