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$1,495,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$2,789 |
1947 |
On the market:
49 days
|
View full details, 15 photos, school info, and price history
Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 to $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 (Market: $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights:
Below-Market Rents - Strong upside potential to increase rental income.
Redevelopment Potential - Opportunity to add more units or reposition the property.
Prime Location - Close to major transit, entertainment, and employment hubs.
All facts and figures are approximate. Buyer to verify all MLS information.
Listing courtesy of Sophia Willets & Garrett Pedicini, Grace CRE & Grace CRE