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4145 N LONGVIEW Avenue Phoenix, AZ 85014

  • 18 No. of Units
  • Lot Size: 0.59
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MultiFamily-Active $ 2,070,000

MLS#: 5896402

Courtesy of: Grace CRE

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Description

Longview Park Place Apartments is an exceptional unit mix and Midtown Phoenix location. This apartments have very low maintenance with minimal landscape and upkeep. Newer 1980's construction and a few minutes from 51 freeway. Brand new construction of new condo's being built on the same street. Unit mix is 10 (2) bedroom (2) bathrooms and 8 (2) one bath. All ground units have private yards. Washer and dryer hook ups. Current rents are way below market rent at avg of 742 a unit. Current NOI on 104k 5.01 cap. Proforma rents should be at 1,000 to 1050 for a new NOI at $161,600 cap 7.8% cap. Rent value add. The parking lot is in process of getting a repaired with black top and paint. Drive by only tenants are unaware of the sale. All facts and figures are approximate buyer verify informati

Specifications


    Location, Tax & Legal


  • 7960
  • LONGVIEW PLACE

    General Property Description


  • 008 - Osborn Elementary District
  • 210 - Phoenix Union High School District

    Legal Info


  • 3E
  • 21

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