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This multifamily property at 2032 West Cypress Street in Phoenix, Arizona, is currently for sale and presents an option for investors seeking a value-add opportunity. The asset is a triplex that maintains a solid rental history, positioning it well for those focused on income-producing residential real estate. Situated in a region known for its expanding metropolitan economy and consistent population growth, the property benefits from access to the broader Phoenix market. Investors may find potential in optimizing management or updating units to capitalize on the steady demand for rental housing in this part of the city. The layout of the triplex allows for distinct residential units, making it a functional addition to a portfolio looking for scale in the Arizona market. Its location within the 85009 zip code places it within reach of key transport corridors and employment hubs, providing long-term viability for residential tenancy.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.