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2704 E Southgate Ave
Phoenix, AZ 85040
6.13% CAP Rate · Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- High cap rate offers great value return for buyers.
- Close to Sky Harbor Airport and Downtown Phoenix shopping.
EXECUTIVE SUMMARY
6.13% CAP RATE, SOLID TENANTS.A fantastic investment opportunity! Duplex built in 2006, split-face block construction, concrete driveway & parking pad, 4 vehicle steel carport provides a 2 covered parking spaces for each unit, 6.13% CAP rate providing an attractive return of investment. Each unit feature a 3 bedrooms, 2 bathrooms, separate electric meters. Recent updates in 2023 include new roof, fully remodeled bathrooms with walk-in showers & frameless glass, tile flooring throughout, new kitchen appliances, granite countertops, indoor laundry room-features sure to attract tenants. Additionally, the duplex boasts private front & backyard, which is a huge plus. Its prime location, just minutes to sky harbor airport & downtown phoenix makes it highly desirable for tenants seeking, convenience. Don't miss this one!!
PROPERTY FACTS
| Price Per Unit | $425,320 CAD | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.28% | Building Size | 2,400 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | M-M | ||
| Price Per Unit | $425,320 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.25 AC |
| Building Size | 2,400 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Opportunity Zone |
Yes |
| Zoning | M-M |
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