3330 Buckeye Rd Phoenix, AZ 85009
- Commercial real estate
- 0.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3330 Buckeye Rd
- Year built
- 1956
- Lot size
- 0.32 lot acres
- Property type
- Commercial real estate
- APN
- 109-58-086, 109-58-087
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1316945
- Latitude
- 33.437269
