$1,450,000

Phoenix AZ 85008

Overview

SUMMARY: Discover an opportunity with this Phoenix house for sale and available for $1,450,000. This could be your next ideal home or a smart investment. More details await.
Thirteen on 32nd Street Apartments, a prime 13-unit multifamily investment opportunity located in the heart of Phoenix, Arizona.
This high-demand asset is positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, with immediate access to the 202, SR-51, and I-10 freeways. Residents benefit from quick commutes to Downtown Phoenix and major employment hubs throughout the airport corridor. 525 and 526 N 32nd Street, Phoenix,
AZ APNs: 121-17-026-A and 121-17-028-A This offering includes two contiguous parcels totaling approximately 10,498 square feet of rentable space across 13 units. The diversified unit mix offers strong leasing flexibility and long-term cash flow potential: Five legal studio units (Unit 7: ~400 SF; Units 6, 8, 9, 10: ~250 SF) One additional studio (Unit 12A: ~250 SF, seller-added) Current Rents: $750-$850 Market Rent: ~$950 Six one-bedroom units (Units 1-5: ~600 SF; Unit 11: ~375 SF) Current Rent: ~$850 Market Rent: ~$950 One detached single-family residence featuring a 2-bedroom, 1-bath home with an attached 1-bedroom apartment Rents are currently below market, offering investors a clear path to value-add upside through rental increases, improved management, and light renovations. Additional income is generated from tenant storage units (average $25/month), and the property also features an on-site laundry facility. Tenants enjoy private patios or balconies, and the property is within close proximity to Valleywise Health Medical Center, the VA Hospital, and other major employers in this thriving urban submarket. This is a rare opportunity to acquire a well-located, income-producing asset in a high-growth area with strong fundamentals and long-term appreciation potential. All facts and figures approximate buyer verify information
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Phoenix AZ 85008

House for sale

  • Price: $1,450,000

Location

Phoenix AZ 85008

House for sale

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This House for sale is located at Phoenix AZ 85008. The home has . This House in Phoenix AZ is for sale for $1,450,000 .

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