2015 E Eugie Terrace

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2015 E Eugie Terrace

Phoenix, AZ 85022
Asking Price
$1.32M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Phoenix
  • Asset consists of seven residential rental units
  • Total asking price for the property is $1,325,000
  • Investment represents a cost of $189,286 per unit
  • Property is situated within the 85022 ZIP code
  • Located at 2015 E Eugie Terrace in Phoenix, Arizona

What's Special

This multifamily apartment building is currently available for sale in Phoenix, Arizona, presenting a functional acquisition for investors focused on small-scale residential holdings. Comprising seven units, the property offers a stable asset profile within a consistent regional rental market. Its position in the 85022 ZIP code provides accessibility to the broader metropolitan area, which remains a hub for growth and corporate expansion in the Southwest. The asset supports a straightforward buy-and-hold strategy for those looking to expand their local footprint. Prospective buyers will find the site well-suited for traditional long-term leasing models. Phoenix continues to see demand for multifamily housing driven by a diverse employment base and consistent population inflows. As an infill property, the building benefits from the established infrastructure and utility connectivity of this suburban Phoenix submarket. This transaction represents an opportunity to acquire a managed residential asset at a per-unit basis of $189,286, fitting for portfolios targeting income-generating properties in primary Arizona markets.

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NOI
$80,000
Cap Rate
6.04%
DSCR
1.02
Tight
Cash-on-Cash
0.34%
Monthly Payment
$6,555.377
Annual Cash Flow
$1,335.475

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