Looking for Cash flow & an "A" location?
1424 S Stanley
$3,500,000
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Tempe, 85281 |
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Cross Streets: Apache & Rural |
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6.5 CAP rate with low rents |
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Opportunity Zone-Prime Location |
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On the Doorstep to ASU-"A" Location |
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Buy as package or individually |
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15 unit Assemblage |
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Seller Financing Possible |
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Two 4's, a 6 unit, and SF |
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This 'ASU OZ 15' is located in an 'A' location on the doorstep to ASU, the 5th largest U in the US. 6.5 CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,500,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $800,000/4 or $1,600,000. $1299/unit rents. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. $700,000. $4,000 rent. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,200,000. 5 of 6 rents $1398, other $1299. All leases exp 7/28/25. Tenant-paid electric, gas. W/S owner. Seller financing possible. Rent roll & OM available.
Cass (James) Stephens |
SJ Fowler Investment RE |
6360 E. Brown Rd |
Mesa, AZ 85205 |
602-672-3526 |
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www.phoenixmulti-family.com |