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2242 Taylor st
Phoenix, AZ 85006 East Side

$785,000 USD

Multifamily For Sale  •  2,920 SF

Property Details

• Property Type Multifamily
• Total Building Size 2,920 SF
• Year Built 1944
• Cap Rate 7.15 %

53 Transit Score

51 Walk Score

Highlights

Five-unit multifamily in Central Phoenix with updated interiors and diverse floor plans for tenant flexibility.

Current cap rate of 7.15% and NOI of $56,147, offering steady cash flow and attractive returns for investors.

Seller financing available at 5.75% interest only with 40% down, providing flexible acquisition options.

Prime location near Downtown Phoenix, Sky Harbor Airport, Loop 202, and I-10 for excellent connectivity.

Value-add opportunity through continued interior and exterior renovations to capture additional upside.

Low 23% expense ratio and competitive average unit rents of $1,214 support strong investment fundamentals.

Cap Rate:

7.15 %

Public Transportation

Transit/Subway	Drive	Walk	Distance
24Th St/Washington (METRO Light Rail - Valley Metro (Phoenix Light Rail))	2 min	11 min	0.6 mi
24Th St/Jefferson (METRO Light Rail - Valley Metro (Phoenix Light Rail))	1 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	9 min	-	3.9 mi
Phoenix-Mesa Gateway	41 min	-	30.7 mi