1802 N 26TH PLACE
Phoenix AZ 85008

descriptionDescription:

1802 N 26th Pl is an attractive opportunity to acquire a fully occupied 10-unit multifamily asset generating an in-place cap rate of 6.33%, with additional upside through completing remaining interior & exterior renovations. Strong in-place rents and occupancy, coupled with a significant concentration of three and four-bedroom units, provide a compelling competitive advantage in a submarket with strong demand for larger floor plans. Built in 1960, the property has undergone substantial reconstruction and renovation, including five fully reconstructed units and two renovated units in 2021, while three units remain in classic condition. Recent capital improvements include new roofs, plumbing lines, electrical systems, and upgraded interiors across seven units.

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Listed By: ABI Multifamily | Colin Kreager 602-714-1353

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