Melvin Apartments | Phoenix, AZ | Phoenix Multifamily

Melvin Apartments, 7-Units | Phoenix Multifamily For Sale

Melvin Apartments, 7-Units | Phoenix Multifamily For Sale

Multifamily For Sale in Phoenix Arizona – 7 Units (Apartments)

 

Melvin, 7-units (Multifamily)

3442 E Melvin St, Phoenix AZ 85008

$172,000

3,925 SF Bldg

7 Units

11.1% Cap Rate

Garden/Low-rise

SOLD: COE 10/23/2015

 

AREA DESCRIPTION

Melvin Street Apartments is located in Phoenix, Arizona. The property is situated east of 32nd Street, just north of Van Buren Road, a major east-west thoroughfare, providing a highly desirable location near major transportation corridors including the SR-143, Loop 202 and SR-51 Freeways, as well as the METRO Light Rail. The apartment community is minutes away from Downtown Phoenix and is a short commute to many other valley cities including Tempe and Scottsdale, Arizona.

 

PROPERTY DESCRIPTION

Melvin Street Apartments is a block constructed apartment building built in 1940 and 1947. The unit mix consists of the following: 5 one-bedroom / one-bath units of approximately 500 square feet; 1 studio/ one-bath approximately 425 square feet; 1 three-bedroom / two-bath single family residence of approximately 1000 square feet.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PROPERTY TOURS WILL BE SCHEDULED UPON RECEIPT OF LETTER OF INTENT AND PROOF OF FUNDS – PLEASE ALLOW 48-HOURS NOTICE. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

 

PHOTOS

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ADVISORS

Chad Barber | 602-281-6202 x5

Natan Jacobs | 602-281-6202 x1

 

REQUEST ADDITIONAL INFORMATION

 

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