Units: 5 spacious 1BR / 1BA units (565 +/- SF average)
Total Interior SF: 2,824 +/- SF
Buildings: 2
Total Size: 2820 SF
Lot Size: 12,305 SF zoned MF R-3
Year Built: 1961 / 1975
Cap Rate: 6 +/-
Pro Forma NOI: $60,000
All newer systems: electrical, plumbing, HVAC, and roof
Every unit upgraded with high-quality finishes
Washer/dryer combo in each unit
Quartz countertops, white shaker cabinets, and modern touches throughout
Solid long-term fundamentals — not a lipstick-on-the-pig project
- Blocks to the Biltmore Corridor edge
- 1.7 miles to Uptown Plaza
- 2 miles to Biltmore Fashion Park
- 2.2 miles to Phoenix Children’s Hospital
- Close to the “7’s,” the 51, and Light Rail
- As centrally located in the Valley as you can get
- Strong professional job base within 3 miles
Excellent Uptown Phoenix pocket with unmatched centrality
Fully upgraded interiors + all major systems replaced in an excellent Uptown Phoenix pocket
Attractive stabilized returns with additional upside
Rare 5-unit deal in a prime infill location
Good fit for the 5–8-unit DSCR 30-yr amortization commercial loan.
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