510 North 23rd Street

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510 North 23rd Street

Phoenix, AZ 85006
Asking Price
$320K
Asset Type
Apartment Building Land
Class
Class B

What's Special

4-Unit Downtown PHX Development Opp | Edison-Eastlake High-Growth Area | OZ, QCT & DDA Tax Benefits <ul><li>​Ready-To-Build: Preliminary Site Plan Approved for (4) 2-Bedroom / 1-Bathroom Units (688 SF Each)</li><li>​Plug & Play: Preliminary Grading & Drainage, Water & Sewer, & Paving Plans Complete—Significantly Reducing Development Timeline</li><li>​Flexible Strategy: Utilize Existing Approved Plans for a "Stacked Apartment" Design or Create Your Own, Offering (4) Functional Units With In-Suite Laundry & Open-Concept Layouts</li><li>​Incentive Zones: Located Within an Opportunity Zone (OZ), D

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NOI
$80,000
Cap Rate
25.00%
DSCR
4.21
Strong
Cash-on-Cash
63.54%
Monthly Payment
$1,583.185
Annual Cash Flow
$61,001.775

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