2032 W ORANGEWOOD AVE

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2032 W ORANGEWOOD AVE

PHOENIX, AZ 85021-7851
Asking Price
$4.60M
Asset Type
Multifamily
Class
Class B

What's Special

<ul><li>​Desirable North Phoenix Location with High Barriers to Entry</li><li>​Value-Add Potential Through Interior Renovations with ~$300 Rent Premiums</li><li>​97% Two-Bedroom Floor Plans that Average 860 Square Feet with Private Patios</li><li>​Single-Story, Low-Density Community (13.14 Units/Acre)</li><li>​High Occupancy History with many Long-Term Residents (Over 1/2 of the Residents Have Lived at the Property for 5+ years)</li><li>​Excellent Nearby Amenities Including the Metrocenter Mall

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NOI
$80,000
Cap Rate
1.74%
DSCR
0.29
Underwater
Cash-on-Cash
-13.99%
Monthly Payment
$22,758.29
Annual Cash Flow
$-193,099.482

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