1620 E Palm Ln., Phoenix, AZ 85006

1620 East Palm Lane Apartments is a 7-unit, recently-renovated property with additional upside potential. Located half a mile from the intersection of the 51 & I-10 Freeways,commuting anywhere in the valley is a breeze. The property is situated on the outskirts of the highly sought after Coronado District. With developments in the area taking place at such a feverish pace, it could be one of the few opportunities to obtain property at these price points. This offering consists of (6) efficiency units along with (1) one-bedroom / one-bathroom unit. The garden-style, block construction has a timeless attractiveness to it. Property is a cash cow with the new AZ MSA FMRs recently updated to $847/studio & $958/1-bed for the 2020 fiscal year.