S 15th Multifamily Portfolio 2 Multifamily Properties in Phoenix, AZ

This portfolio of two separately parceled multi-family properties on South 15th Street in Phoenix presents a strong investment opportunity in a market known for sustained rental demand and robust growth fundamentals. Together, these properties combine to offer scale, stabilized occupancy, and a proven long-term income stream. Fully occupied at the time of marketing, the assets allow investors to benefit from immediate cash flow with options for incremental value-add improvements over time.
4028 S 15th Street features a multi-building configuration comprising nine fully remodeled units with contemporary finishes, including ceramic tile flooring, updated kitchens, and washer/dryer hookups. Buildings provide gated remote-access entry, individual patios for select units, plus both covered and uncovered on-site parking. The property further includes two late-model manufactured homes with modern layouts and en-suite baths, diversifying unit mix.
Located less than three miles from Downtown Phoenix, Sky Harbor International Airport, and employment hubs along I-10, the properties benefit from strong connectivity and proximity to major transportation corridors. The surrounding area demonstrates consistent workforce housing demand, providing a durable tenant base that supports long-term stability. Both properties are zoned for multifamily use and positioned to generate attractive returns in a market underpinned by continued population inflows and economic expansion.