1620 E PALM LANE
Phoenix AZ 85006

descriptionDescription:

1620 E Palm Ln presents an exceptional opportunity to acquire a turnkey asset in a historically significant area at an outstanding price. The property features 7 units, with 5 recently renovated and 4 units offering washer/dryer. With current rents and expenses, the investment is offered at a 6.3% cap rate, with additional optimization and growth potential. The asset is situated on a large 20,473-square-foot lot, with the current building footprint utilizing only a small portion, providing significant opportunity for future redevelopment or the addition of additional units. The existing income stream generates immediate cash flow, ensuring a strong return from day one. The current ownership has established a strong model for the remaining units, further enhancing the property's revenue.

mapProperty Location:

Listed By: Orion Investment Real Estate | Cody Leslie 505-980-3726

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.