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338 N 23rd St
Phoenix, AZ 85006 East Side

$4,050,000 USD

Apartments For Sale • 21,461 SF

Property Details

Property Type Apartments
Total Building Size 21,461 SF
Lot Size 1.01 AC
Building Class C
Year Built 1985
Zoning C-1, Phoenix

54 Transit Score

54 Walk Score

                
                    Highlights
                
                                Value-Add Opportunity Priced at $135K/Unit
                            
                                1985 Built with a Mix of 1 & 2 Bedroom Units
                            
                                11 Year Ownership 
                            
                                Below Market Rents with Long Term Tenants on MTM Leases Allowing Immediate Flexibility to Renovate and Reposition
                            
                                Ability to add Washer/Dryer, Upgrade Units, and Increase Rents $150-$250
                            
                                Centrally Located 5 Minutes east of Downtown Phoenix and 10 Minutes south of the Camelback Corridor

Property Flyers

Polk Terrace OM

Amenities

Air Conditioning
Laundry Facilities
Property Manager on Site
Gated
Heating
Kitchen
Refrigerator
Range

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	9 min	-	3.9 mi
Phoenix-Mesa Gateway	43 min	-	31.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes

Ryan Ash 602-525-4877 Newmark

338 N 23rd St Phoenix, AZ 85006 East Side