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9618 N 5TH Street Phoenix, AZ 85020

  • 6 No. of Units
  • Lot Size: .31 acres
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MultiFamily-Active $ 520,000

MLS#: 5885088

Courtesy of: Arizona Investment & Mgt, LLC

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Description

AIM is pleased to offer for sale SIX ON FIFTH, a 6 unit newer constructed asset in the foothills of Phoenix's North Mountain Preserve. 7% proforma cap rate on latest rents achieved ($750!!). SIX ON FIFTH is centrally located in a convenient North Phoenix neighborhood near employment, bus lines, and schools. John C Lincoln Hospital, Walmart, Sunnyslope Elementary School, North Mountain Brewery, and mountain hiking trails are all just steps or blocks away. On a corner lot with nearby mountain views, this asset features spacious 1-bed/1-bath units. Each unit has an en-suite washer/dryer and select units have a gated patio entry. The units are all individually metered for electric and have tile floors throughout. The property has ample off street parking and... The property has ample off street parking and a beautiful common picnic area. The property is fully occupied and can be operated with easy rent increases as it is, or as a value add play with unit upgrades and even greater rent increases. It is positioned to enjoy the growth of this dynamic North Central neighborhood of Phoenix.

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