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3141 North 37th Street
Phoenix, AZ 85018
Asking Price
$3.34M
Cap Rate
5%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Arcadia Lite Location | Private Yards, Direct-Access Carports, Renovated w. In-suite laundry <p>Renovated multifamily community including in-suite washer and dryers. Located within Phoenix's coveted Arcadia Lite submarket.</p><p></p><p>Unit mix entirely comprised of two-bedroom floorplans featuring spacious private backyards and covered direct-access parking.</p><p></p><p>Attractive acquisition basis considerably below the relevant comp-set.</p>
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NOI
$80,000
Cap Rate
2.40%
DSCR
0.40
Underwater
Cash-on-Cash
-11.81%
Monthly Payment
$16,524.498
Annual Cash Flow
$-118,293.972
