1002 27Th PlPhoenix, AZ 85008

Property Details for 1002 27Th Pl

Lot size

0.11 AC

Zone code

R-5

Property type

Other commercial real estate

APN

121-76-050B

APU

12176050B

Description

This exceptional multifamily investment opportunity presents a portfolio of six units situated on a 0.35-acre lot in Phoenix, Arizona. The property comprises three single-story buildings, each housing two units, totaling 7,200 square feet of net rentable space. Each unit boasts a spacious 1200 square foot layout, featuring two bedrooms and two bathrooms. Recent upgrades include fresh interior and exterior paint (completed June 2023), four new air conditioning units (with two others approximately 10 years old), and tile upgrades in each unit. The roof was replaced five years ago with 40-year shingles. Ample parking is available for tenants and guests, with 15 spaces provided. The property is currently 100% occupied, generating a net operating income (NOI) of $81,732 and a 4.86% capitalization rate. Built in 1983, this property benefits from a prime location near downtown Phoenix, offering easy access to restaurants, shopping, parks, and major freeways. The property is zoned M-H (Multi-Family High Density) and includes parcels 121-76-050-B and 121-76-050-C. The property is all-electric, eliminating gas costs. This is a turnkey investment ready for immediate income generation. The asking price is $1,680,000.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4589

Longitude

-112.023

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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