16040 N 27th St. #1&2, Phoenix, AZ 85032

The property was constructed in 2004 and consists of 8 units in 2 separate fourplex buildings. Each unit is a 3 bedroom & 2 bathroom unit with interior washer and dryer hookups, range, fridge, dishwasher, and comes with its own covered parking spot. At roughly 1,069 square feet, the units are spacious with fantastic layouts. Each unit is individually metered for electricity, and with the HOA dues covering sewer, water, and trash, it makes this property more easily manageable and has historically been self-managed and remained fully occupied. This property has been well-maintained and there are currently no planned HOA special assessments. Additionally, most of the tenants are on MTM leases providing flexibility for an investor. Someone can maintain the property as-is, increase r perform value-add to the units. Given the property's location, characteristics, and amenities, this is an excellent investment opportunity. 16040 North 27th Street Apartments is comprised of 2 fourplex buildings within an HOA Community in North Phoenix. Situated west of the Piestewa Freeway (Highway 51), residents enjoy direct access to all areas of the Phoenix Valley by way of the 51 and Pima Freeway (Loop 101). In addition, there are numerous dining and entertainment options in close proximity to the property, including Desert Ridge Marketplace, one of the most popular shopping centers in the Phoenix Metro with 1.2 million square feet of retail space. This property is also in close proximity to the North 32nd Street Corridor revitalization plan. These aspects make this community highly desirable for its residents.