2015 Eugie Ter, Phoenix, AZ 85022
7 Unit Apartment Building | $1,155,000 ($165,000/Unit) | Phoenix, AZ 85022
For Sale
Active
67 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 20 days
Asking Price $1,155,000
- Property Type
-
Multifamily
- Square Feet
- 5,025 SF
Listing Contacts
Colt Siler
Garrett Hemeyer
- Property Info
Property Overview
Discover the exceptional investment potential of 2015 E Eugie Terrace, a meticulously maintained multifamily property in North Phoenix. This offering includes a main 6plex constructed in 1985 and a separate single family residence dating back to 1960, all under the care of the current owners for over two decades.
Property Features:
Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence.
Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep.
Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units.
Strategic Location:
Desirable Setting: Located on a peaceful residential street in Phoenix, offering convenience to amenities, schools, employment and major transportation routes.
Rental Demand: Positioned in a thriving rental market, ideal for sustained occupancy and income stability.
Investment Appeal:
Value Creation: Opportunity to enhance cash flow and property value through proactive management and targeted upgrades.
Conclusion: 2015 E Eugie Terrace presents a rare opportunity to acquire a well-maintained multifamily property in a prime Phoenix location. With established tenant stability and potential for increased profitability, this investment is suited for both seasoned investors and newcomers looking to capitalize on Phoenix's robust rental market.
Property Features:
Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence.
Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep.
Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units.
Strategic Location:
Desirable Setting: Located on a peaceful residential street in Phoenix, offering convenience to amenities, schools, employment and major transportation routes.
Rental Demand: Positioned in a thriving rental market, ideal for sustained occupancy and income stability.
Investment Appeal:
Value Creation: Opportunity to enhance cash flow and property value through proactive management and targeted upgrades.
Conclusion: 2015 E Eugie Terrace presents a rare opportunity to acquire a well-maintained multifamily property in a prime Phoenix location. With established tenant stability and potential for increased profitability, this investment is suited for both seasoned investors and newcomers looking to capitalize on Phoenix's robust rental market.
Property Details
- Class
- C
- Year Built
- 1985
- Stories
- 1
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 7
Highlights
- Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence
- Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep
- Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units
- Located on a peaceful residential street in Phoenix, offering convenience to amenities, schools, employment and major transportation routes
- Positioned in a thriving rental market, ideal for sustained occupancy and income stability
- Opportunity to enhance cash flow and property value through proactive management and targeted upgrades
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