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2709 E Willetta St
Phoenix, AZ 85008
Multifamily Property For Sale
·
4 Units
Investment Highlights
- *4-Unit, Garden-Style Property, Block Construction, Built in 1905 & 1984
- *(1) 2-Bed / 2-Bath Unit & (3) 1-Bed / 1-Bath Units
- *Located Minutes From Downtown Phoenix, Arcadia Lite, & Phoenix Sky Harbor International Airport
- *Extensively Remodeled Interiors & Exteriors in 2023
- *Dedicated Parking With In-Unit Washer / Dryers, Private Backyards, & Exterior Storage for Each Unit
- * Individually Metered for Electricity
Executive Summary
The Barrs in Willetta is a 4-unit garden-style property, the front-house was originally built in 1905 and the triplex was built in 1984 with block masonry. The property has been extensively remodeled inside and out in 2023, with approximately $62,500 per door in capital expenditures per unit. Upgrades include new roof, flooring, cabinets, countertops, ac units and hot water heaters for triplex, stainless steel appliances, and more. The community features a desirable mix of (1) two-bedroom, two-bath single-family home and (3) one-bedroom, one-bath units, all thoughtfully updated with modern finishes. Each unit is equipped with its own exterior storage space, private backyards and in-unit washer and dryers, and residents enjoy dedicated parking for added convenience. Each unit is also individually metered for electricity sparing the owner an additional utility cost. Ideally situated just minutes from Downtown Phoenix, Arcadia Lite, and Sky Harbor Airport, the location offers easy access to top dining, entertainment, and transportation hubs. With residential financing available, this turnkey investment presents a rare opportunity for both owner-occupants and investors alike.
Property Facts
| Price Per Unit | $308,988 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5% | Building Size | 2,680 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Garden | ||
| Zoning | R-3 - Residential | ||
| Price Per Unit | $308,988 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 2,680 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | R-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Freezer
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,828 CAD | 500 |
| 2+2 | 1 | $1,912 CAD | 1,180 |
Property Taxes
| Parcel Number | 121-77-038 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $10,777 CAD |
Property Taxes
Parcel Number
121-77-038
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,777 CAD
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