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    3330 Buckeye Rd Phoenix, AZ 85009

    For Sale
    $1,799,000

    12-Unit Apartment Complex, Fully Renovated

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a fully renovated 12-unit apartment building in Phoenix, Arizona. The property, known as Tri Pak Apartments, boasts a desirable location at 3330 W Buckeye Rd, 85009, within Maricopa County. Comprising two single-story buildings totaling 4,550 square feet of net rentable space, the complex includes six studio, five one-bedroom, and one two-bedroom unit, achieving 100% occupancy. Built in 1956 and extensively renovated in 2023, the property features a new roof, updated AC units, fresh paint, improved landscaping, and upgraded parking. The significant $1,799,000 asking price translates to $149,917 per unit, offering a compelling 6.73% cap rate with a current Net Operating Income (NOI) of $121,014. The property sits on a 0.32-acre lot and is zoned R3. Two additional parking pads are available for residents. This stabilized investment presents a strong return on investment with its high occupancy rate and recent renovations, making it an attractive addition to any portfolio. The property's APN is 109-58-086, 109-58-087.

    Property Features for 3330 Buckeye Rd

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    13,939 SF

    Building Details

    Year Built/Renovated
    1956/2023
    Buildings
    2
    Stories
    1
    Units
    12

    HighLights

    • $1,799,000 asking price for a stabilized multifamily investment.
    • 12‑unit apartment building with 100% occupancy generating $121,014 NOI and a 6.73% cap rate.
    • 4,550 square feet of net rentable space, averaging $149,917 per unit.
    • Recently renovated (2023) Class C property with 2 buildings on a 0.32‑acre lot in Phoenix, AZ.
    • Features 6 studios, 5 one‑bedroom, and 1 two‑bedroom unit, plus 2 parking pads.
    • Built in 1956, with R3 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1316945
    Latitude
    33.437269

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    FAQs

    What type of property is this?
    Multifamily property - 12-Unit Apartment Complex, Fully Renovated
    Where is this multifamily property located?
    The property is located at 3330 Buckeye Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: $1,799,000 asking price for a stabilized multifamily investment.; 12-unit apartment building with 100% occupancy generating $121,014 NOI and a 6.73% cap rate.; 4,550 square feet of net rentable space, averaging $149,917 per unit.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3330 Buckeye Rd Phoenix, AZ 85009
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