1123 E Sierra Vista Drive, Phoenix, AZ 85014
- $3,200,000
- 38
- BD
- 38
- BA
- List Price
- $3,200,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 7098169
- City
- Phoenix
- Bedrooms
- 38
- Bathrooms
- 38
- Year Built
- 1957
Property Description
Sierra Vistas Apartments is a 24-unit community offering a rare value-add opportunity in one of North Central Phoenix's most desirable and supply-constrained rental markets. Built in 1957, the two-story, garden-style community consists of (2) studios, (8) 1-bed/1-bath units, and (14) large 2-bed/2-bath units. Residents enjoy an on-site pool, a landscaped courtyard, community laundry, & covered parking. The property offers substantial upside through interior, exterior, & system renovations, giving a new owner the opportunity to unlock meaningful rental growth in a neighborhood with consistently strong tenant demand. Master-metered electric & a central chiller/boiler present further opportunities for a buyer to implement a capital improvement strategy tailored to their investment objectives. Situated in a quiet pocket of the highly sought-after 85014 zip code, the property offers residents convenient access to the Uptown Corridor, the Biltmore, Phoenix Mountains, SR-51, premier healthcare, major employment, popular dining, & everyday retail.
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Additional Information
- Taxes
- $14,179
- Units
- 24
- Parking Features
- 1 Space/Unit, Carport, On Street
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Chiller System
- Heating
- Central
- Zoning
- R-4
- Exterior Features
- Sidewalk(s)
- Community Features
- Pool, Shuffle Brd/Lawn Bwl
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- None
- New Financing
- Conventional, 1031 Exchange, Cash
Courtesy of ABI Multifamily. 602-714-1400
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