Cass Stephens CCIM, J.D.,MBA
Cass Stephens CCIM, J.D.,MBA
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338 N. Vogel Phoenix, AZ 85020

Under Contract Backup - $1,150,000

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Property Details

Units: 6 

Buildings: 3 buildings

Layout: Three separate buildings

Interior Size:  4x677, 1x500, 1x420

Total Interior SF: 3,628SF

Lot Size: 13,535 SF 

Zoning:  R-3 

Year Built: 1962

Finances

Price: $1,150,000 

Price/Unit: $191,666

Price/SF: $ 316/SF 

Current CAP Rate:  7 Cap

NOI: $80,500

Recent Upgrades

3 buildings - 2 Duplexes & Single Family
 

Condition: 

6 units renovated
100 % occupied 

Stabilized

Parking & Utilities

County use: R3 zoning
Heating/Cooling:  Electric; Heat Pump
Flooring:  Concrete; Vinyl; Ceramic Tile
Parking: 1 Space Per Unit; Add'l Parking Avail; Free; Paved; Off Street 

Location & Neighborhood

Cross Streets: 7th St and Dunlap - Just east of Central Ave & north of Hatcher   -  Near Sunnyslope School, east of Central Ave, and not far from North Mountain, OHSO Brewery, & Sushi Friend.  
Zoning: R-3 (Multiple Residential)

Investment Highlights

Renovated 6 unit multifamily
 

7 CAP with $10,104 gross rents/month.  
Jumbo 13,500 sf lot.  

Seller financing available at 5.5% w/ 25% down. 

CAll or Message meEmailView Property on CrexiCurrent Listings

Cass Stephens Commercial Broker

cstephens@ccim.net

602-672-3526

Copyright © 2025 Cass Stephens Commercial Broker - All Rights Reserved.

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