Matthews Logo

Navigation Menu

4118 N 3rd Ave, Phoenix, AZ, 85013

4118 N 3rd Ave
$615,000

Key Information

Cap Rate
6.02%
$ per SF
$341
Tot. SF
6,270
$ per unit
$205,000
Units
3
Year Built
1952
Type
Apartments
Occupancy
100%
Leasable Area
1,800

Highlights

4118 N 3rd Ave presents a unique opportunity to acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor. This property is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX piping, newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently 100% occupied with rents slightly below market providing a great upside opportunity.

Photos

Location

Agents

Broker of Record

David Harrington

License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251