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Investors seeking to expand their residential holdings in Phoenix may find value in this multifamily asset. Situated within the 85014 zip code, the property benefits from its position in a major metropolitan area characterized by consistent population growth and a diverse, expanding economy. Phoenix remains a hub for business development and regional commerce, making well-located residential units a stable consideration for capital deployment. This investment opportunity provides a 5.23% cap rate at an asking price of $699,000. The scale and location of this multifamily asset offer flexibility for management strategies within the local rental market. Prospective buyers should note the proximity to central Phoenix infrastructure, which supports long-term tenant demand and asset viability in this active desert market.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.