4021 N 27th Ave Phoenix, AZ 85017

Property Details for 4021 N 27th Ave

Year built

1972

Construction

CONCRETE

Lot size

3.17 lot acres

Property size

13,300 SF

Zone code

R-5

Property type

Motels

APN

110-01-011E

APU

11001011E

Description

This exceptional 95-key hotel, built in 1972, presents a compelling investment opportunity in Phoenix, Arizona. Spanning 32,600 square feet across a single, two-story building, the property boasts an independent operation, unencumbered by franchise agreements, offering significant upside potential. The R-5 zoning allows for conversion to multi-family units, capitalizing on the strong demand for housing in this rapidly growing market. Currently operating as a hotel, the property offers multiple rebranding options with top franchises. The convenient location off Interstate 17 provides easy access to major demand generators, including Grand Canyon University, the Phoenix Convention Center, and Phoenix Sky Harbor Airport, all within a 10-minute drive. The property is well-maintained with minimal deferred maintenance and includes a manager's apartment, which can be converted into three additional guest rooms, increasing the room count to 98. This presents a unique opportunity for investors seeking a high-growth market with flexible use options. The property is situated in Maricopa County, Arizona, with a Phoenix address (4021 N 27th Ave, 85017), benefiting from the city's robust economy and population of 1.6 million, making it the fifth most populated city in the US. The absentee management structure allows for passive income generation with significant potential for increased revenue.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.116

Latitude

33.4939

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments