Obtain 7 unit residential finance-see remarks
4 Unit Apartment Building | $1,190,000 ($297,500/Unit) | 5.68% Cap Rate | Phoenix, AZ 85021
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,190,000
- Property Type
-
Multifamily
- Square Feet
- 2,187 SF
Listing Contacts
Linda Gerchick
Verified Profile
- Property Info
Property Overview
### Stunning Fourplex at 2122 W Augusta Ave, Phoenix, AZ 85021
Discover an incredible investment opportunity with this stunning fourplex located at 2122 W Augusta Ave, Phoenix, AZ 85021. This beautifully renovated property can be purchased using residential financing, making it accessible for both new and experienced investors. It is paired with 2124 W Augusta Ave, a triplex that can also be acquired with residential financing, or alternatively, experienced investors can opt for commercial financing.
#### Highlights:
- **Extensive Rehabilitation**: Nearly half a million dollars have been invested in rehabilitating this property, ensuring top-notch quality and modern amenities.
- **Luxury Finishes**: Every unit features luxurious quartz countertops, exuding elegance and durability.
- **Smooth Stucco Exterior**: The building boasts a smooth stucco finish, enhancing its curb appeal and offering a sleek, modern look.
- **Attention to Detail**: The meticulous attention to detail in the renovation process is evident, promising a luxurious living experience for tenants.
#### Investment Flexibility:
- **Residential Financing**: Suitable for new investors looking to enter the real estate market.
- **Commercial Financing**: Experienced investors may prefer this option for potentially more favorable terms.
#### Combined Purchase Advantage:
- **Fully Occupied Units**: When both properties (2122 and 2124 W Augusta Ave) are purchased together, you gain seven completely occupied units.
- **Exceptional Rehab Work**: Both properties have undergone fabulous renovations, ensuring they are move-in ready and highly appealing to tenants.
#### Additional Information:
- Buyers are encouraged to verify all facts and figures to ensure complete satisfaction with the purchase.
Don’t miss out on this extraordinary opportunity to own a beautifully renovated triplex in a prime location. Whether you’re a new investor or an experienced one, this property offers the perfect blend of luxury and practicality.
The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children's Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities.
Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants.
One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city's many attractions without having to worry about driving and parking.
The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields.
In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.
Discover an incredible investment opportunity with this stunning fourplex located at 2122 W Augusta Ave, Phoenix, AZ 85021. This beautifully renovated property can be purchased using residential financing, making it accessible for both new and experienced investors. It is paired with 2124 W Augusta Ave, a triplex that can also be acquired with residential financing, or alternatively, experienced investors can opt for commercial financing.
#### Highlights:
- **Extensive Rehabilitation**: Nearly half a million dollars have been invested in rehabilitating this property, ensuring top-notch quality and modern amenities.
- **Luxury Finishes**: Every unit features luxurious quartz countertops, exuding elegance and durability.
- **Smooth Stucco Exterior**: The building boasts a smooth stucco finish, enhancing its curb appeal and offering a sleek, modern look.
- **Attention to Detail**: The meticulous attention to detail in the renovation process is evident, promising a luxurious living experience for tenants.
#### Investment Flexibility:
- **Residential Financing**: Suitable for new investors looking to enter the real estate market.
- **Commercial Financing**: Experienced investors may prefer this option for potentially more favorable terms.
#### Combined Purchase Advantage:
- **Fully Occupied Units**: When both properties (2122 and 2124 W Augusta Ave) are purchased together, you gain seven completely occupied units.
- **Exceptional Rehab Work**: Both properties have undergone fabulous renovations, ensuring they are move-in ready and highly appealing to tenants.
#### Additional Information:
- Buyers are encouraged to verify all facts and figures to ensure complete satisfaction with the purchase.
Don’t miss out on this extraordinary opportunity to own a beautifully renovated triplex in a prime location. Whether you’re a new investor or an experienced one, this property offers the perfect blend of luxury and practicality.
The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children's Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities.
Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants.
One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city's many attractions without having to worry about driving and parking.
The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields.
In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.
Property Details
- Class
- C
- Year Built/Renovated
- 1987/2023
- Stories
- 1
- Lot Size (sq. ft)
- 10,019 SF
- Units
- 4
Highlights
- Must buy 2124 W Augusta to close concurrently-use residential financing
- Major Upgrades and Fully Occupied
- Welcome to the epitome of investment opportunities!
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