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2600 State Ave Phoenix, AZ 85051

OFF-MARKET Apartment buildings Google Maps
6,120 SF Built 2024
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, six-unit apartment building in Phoenix, Arizona. Completed in September 2024, this Class B multifamily property boasts a total of 6,120 square feet of net rentable space, spread across three separate buildings. Each building houses two units and sits on its own parcel, offering the potential for future subdivision into three distinct ownership parcels. The property is zoned R-3. All six units feature three bedrooms and two bathrooms, each approximately 2,040 square feet. High-quality finishes include inside laundry, stainless steel appliances, and quartz countertops. The asking price is $2,250,000, translating to $367.65 per square foot and $375,000 per unit. Each unit comes with two parking spaces. This owner-user investment is ideal for those seeking immediate rental income or a diversified portfolio. The property's new construction status ensures minimal maintenance and long-term value appreciation. This is a turnkey opportunity ready for immediate occupancy.

Property profile

Verified
Property type Apartment buildings
Year built 2024
Total area 6,120 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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