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6220 N 14th St
Phoenix, AZ 85014
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Built in 1959 with R-3 zoning
- Limited supply of comparable small multifamily assets
- Located within a strong workforce housing corridor
- Convenient access to major employment and retail amenities
Executive Summary
6220 N 14th Street presents an opportunity to acquire a fully occupied three-unit multifamily property in the desirable North Central Phoenix corridor. Built in
1959, the property features a unit mix of two two-bedroom/one-bath units and one one-bedroom/one-bath unit, providing stable rental demand within an
established residential submarket.
The property is currently 100% occupied, offering investors immediate cash flow along with future flexibility for rental adjustments or operational
improvements. Zoned R-3, the asset benefits from strong multifamily fundamentals driven by limited inventory and continued demand for attainable housing
throughout Central Phoenix.
Offered at $690,000 ($230,000/unit), 6220 N 14th Street presents an attractive small multifamily investment opportunity positioned near major employment
corridors, retail amenities, and transportation access. The surrounding market continues to experience strong investor demand for stabilized workforce housing
assets with long-term appreciation potential.
1959, the property features a unit mix of two two-bedroom/one-bath units and one one-bedroom/one-bath unit, providing stable rental demand within an
established residential submarket.
The property is currently 100% occupied, offering investors immediate cash flow along with future flexibility for rental adjustments or operational
improvements. Zoned R-3, the asset benefits from strong multifamily fundamentals driven by limited inventory and continued demand for attainable housing
throughout Central Phoenix.
Offered at $690,000 ($230,000/unit), 6220 N 14th Street presents an attractive small multifamily investment opportunity positioned near major employment
corridors, retail amenities, and transportation access. The surrounding market continues to experience strong investor demand for stabilized workforce housing
assets with long-term appreciation potential.
Property Facts
| Price Per Unit | $319,762 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| No. Units | 3 | Building Size | 2,470 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1959 |
| Zoning | M-M - R-3 | ||
| Price Per Unit | $319,762 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 2,470 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Zoning | M-M - R-3 |
Amenities
Unit Amenities
- Dishwasher
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+1 | 2 | - | 885 |
Property Taxes
| Parcel Number | 161-09-047 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $31,387 CAD |
Property Taxes
Parcel Number
161-09-047
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$31,387 CAD
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