Property details
Phoenix Multifamily Portfolio For Sale, Southwest Region
Property Description
Phoenix Multifamily Portfolio For Sale
7-Property Portfolio.
All pricing is based on income at a 4.75% cap rate.
Financials will be provided if there is genuine interest from buyers proving their capability to purchase.
All properties have recently undergone full gut rehabs.
The owner have put about $40,000 into each unit and replace all major structures (HVAC, ventilation, roof, plumbing, electrical, windows, etc.).
For all of these properties, the owner is receiveing top of the market rents and have almost no vacancy or rent delinquency.
The owner also has an internal management company that manages their properties. If of interest to a buyer, this management company can stay on after the sale.
Built in 1972 - 104 units, fully leased. $16,226,326
Built in 1973 - 45 units, fully leased. $6,946,379
Built in 1973 - 34 units, fully leased. $7,695,305
Built in 1964 - 13 units, fully leased. $4,364,642
Built in 1956 - 28 units, fully leased. $6,693,479.
Built in 1973 - 30 units, just finishing construction. $5,268,218
Built in 1948 - 3 units, fully leased. $675,000
Images
Highlights
- Status:
- Available
- Price:
- $47,869,349
- Cap Rate:
- 4.75%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 257
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.