Photo 1 of 1
$2,030,000
Sold on 8/01/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$7,960 |
1987 |
On the market:
140 days
|
View full details, 15 photos, school info, and price history
Longview Park Place Apartments is an exceptional unit mix and Midtown Phoenix location. This apartments have very low maintenance with minimal landscape and upkeep. Newer 1980's construction and a few minutes from 51 freeway. Brand new construction of new condo's being built on the same street. Unit mix is 10 (2) bedroom (2) bathrooms and 8 (2) one bath.
All ground units have private yards. Washer and dryer hook ups.
Current rents are way below market rent at avg of 742 a unit. Current NOI on 104k 5.01 cap. Proforma rents should be at 1,000 to 1050 for a new NOI at $161,600 cap 7.8% cap. Rent value add. The parking lot is in process of getting a repaired with black top and paint. Drive by only tenants are unaware of the sale. All facts and figures are approximate buyer verify informati
Listing courtesy of Sophia Willets, Grace CRE