3330 Buckeye RdPhoenix, AZ 85009

Property Details for 3330 Buckeye Rd

Year built

1956

Lot size

0.32 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully renovated 12-unit apartment building in Phoenix, Arizona. The property, known as Tri Pak Apartments, boasts a desirable location at 3330 W Buckeye Rd, 85009, within Maricopa County. Comprising two single-story buildings totaling 4,550 square feet of net rentable space, the complex includes six studio, five one-bedroom, and one two-bedroom unit, achieving 100% occupancy. Built in 1956 and extensively renovated in 2023, the property features a new roof, updated AC units, fresh paint, improved landscaping, and upgraded parking. The significant $1,799,000 asking price translates to $149,917 per unit, offering a compelling 6.73% cap rate with a current Net Operating Income (NOI) of $121,014. The property sits on a 0.32-acre lot and is zoned R3. Two additional parking pads are available for residents. This stabilized investment presents a strong return on investment with its high occupancy rate and recent renovations, making it an attractive addition to any portfolio. The property's APN is 109-58-086, 109-58-087.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4373

Longitude

-112.132

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