4th Avenue Apartments, 16-Units | Phoenix Multifamily For Sale

Multifamily For Sale in Phoenix Arizona – 16-Units (Apartments)

4th Avenue Apartments, 16-units (Multifamily)

631 North 4th Avenue, Phoenix, AZ 85003

$1,040,000

7,104 SF Bldg

16 Units

Garden/Low-Rise

SOLD (COE 1/20/2015)

AREA DESCRIPTION

4th Avenue Apartments is located in a highly desirable neighborhood between the Roosevelt District and Copper Square in Downtown Phoenix, along N 4th Avenue, near ASU Downtown Phoenix Campus, Light Rail, Metro 12 Condos, The Vig Fillmore, sports venues, cultural arts, nightlife and fabulous restaurants. The property is located in a quiet residential neighborhood within close proximity to the I-10 Freeway, allowing easy access to Sky Harbor International Airport, Camelback Corridor, Scottsdale, Tempe, the valley freeway system and numerous employers.

PROPERTY DESCRIPTION

4th Avenue Apartments is a 16-unit, garden-style multifamily community located in Downtown Phoenix, near the ASU Downtown Phoenix and Valley Metro Light Rail. This extra clean property consists of classic block-constructed buildings with re-enforced concrete upstairs floors and walkways. The property is individually metered for electricity and master metered for gas which is used for heating. Tenants enjoy peace and privacy within a beautiful garden-like enclosed courtyard accessed through gated front and rear entries. There is also an air-conditioned detached on-site leasing office, an owned-equipment laundry room and covered tenant parking. The property was built in 1957 and the exterior and several of the unit interiors were renovated in 2013. Significant rent upside exists in this desirable high-demand area.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

PROPERTY PHOTOS