2242 E Taylor Street, Phoenix, AZ 85006
- $639,000
- 11
- BD
- 5
- BA
- List Price
- $639,000
- Status
- ACTIVE
- Days on Market
- 54
- MLS#
- 7075484
- City
- Phoenix
- Bedrooms
- 11
- Bathrooms
- 5
- Year Built
- 1944
Property Description
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
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Additional Information
- Taxes
- $1,093
- Net Operating Income
- $56,147
- Cap Rate
- 8.79
- Units
- 5
- Flooring
- Ceramic Tile
- Parking Features
- Free, Paved, <1 Space Per Unit
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air, 2 or More Units
- Heating
- Electric
- Zoning
- R-4
- Exterior Features
- Sidewalk(s)
- Subdivision
- Aviation Homesites
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Electricity
- New Financing
- Conventional, 1031 Exchange, Owner May Carry, Cash
- Elementary School
- Wilson Elementary School
- Middle School
- Wilson Elementary School
- High School
- North High School
Courtesy of Matthews of Arizona. milton.braasch@matthews.com
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