For Sale
$662,500
2240 Southern AvePhoenix, AZ 85041
Four-plex, 100% occupied, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- $662,500 asking price for a stabilized multifamily investment property.
- Four-unit apartment building with 100% occupancy and a strong 8.97% cap rate.
- 8,907 square feet on an 8,907 square foot lot, priced at $74.38 per square foot.
- $59,400 Net Operating Income (NOI) generating a $165,625 price per unit.
- Located at 2240 W Southern Ave, Phoenix, AZ 85041, in Maricopa County.
- Features four parking spaces and is zoned R-3.
Property Details for 2240 Southern Ave
- Property type
- Apartment buildings
- Square Feet
- 8,907 SF
- Class
- C
- Year Built
- 1985
- Buildings
- 1
- Stories
- 1
- Units
- 4
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.3926875
- Longitude
- -112.1061805
2240 Southern Ave, Phoenix, Arizona
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