$1,325,000

Built in 1949, this recently renovated 6 unit apartment community presents a unique opportunity to acquire a stabilized asset located in one of Phoenix's strongest performing submarkets. Consisting of (6) 2 bedroom, 1 bathroom floor plans, this property features updated interiors and exterior, new appliances, and modern finishes throughout, which will reduce the need for immediate capital expenditures and minimize ongoing maintenance costs. Future ownership will also be able to capitalize on strong in-place rents averaging$1,661 per unit per month. Located near the I-17 and I-10 freeways, this centralized location provides tenants easy access to many upscale shopping, dining, and entertainment options, including vibrant hubs such as Downtown Phoenix, Encanto Park, and the Melrose District