3024 24Th St Phoenix, AZ 85016
Property Lookup
Property profile & analytics
3024 24Th St Phoenix, AZ 85016
- Commercial real estate
- 21,903 SF
- 1.01 lot acres
Property ID
US07-0733517
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- the view / Apartment Complex
- The View Apartments / Apartment Complex
- The Affable Drain Cleaners and Plumbers Phoenix / Plumbing Service / General Contractor
- Warren 24th St Apartments / Apartments / Apartment Building
Property Details for 3024 24Th St
- Year built
- 1967
- Lot size
- 1.01 lot acres
- Property size
- 21,903 SF
- Property type
- Commercial real estate
- APN
- 119-17-047
Description
This exceptional 50-unit apartment complex presents a compelling value-add investment opportunity in the vibrant Central Phoenix corridor. The property, built in 1967 and renovated in 2017, boasts 21,474 net rentable square feet across four two-story buildings situated on a 1.01-acre lot. With a current occupancy rate of 95% and a pro-forma NOI of $522,675, this asset offers significant potential for increased profitability. The property features a mix of studio and one-bedroom units, catering to a diverse renter base. Conveniently located at 3024 N 24th Street, the property benefits from high visibility on a major thoroughfare with a daily traffic count of 28,705 vehicles. Ample parking is provided with 42 spaces. The strategic location offers easy access to major freeways (SR 51 and I-10), Phoenix Sky Harbor International Airport (10-minute drive), and renowned shopping destinations like Biltmore Fashion Park. Nearby amenities include numerous restaurants, parks (Coronado, Perry, Los Olivos), grocery stores (Fry's, Sprouts, Whole Foods), and prominent medical facilities (St. Luke's Medical Center, Phoenix Children's Hospital). Educational institutions such as William T. Machan Elementary, Phoenix Christian School, Camelback High School, Arizona State University's Downtown Campus, and Grand Canyon University are also within close proximity. The property is zoned C-2, offering flexibility for future development. The asking price is $9,503,000, representing a price per square foot of $433.87. This is a rare opportunity to acquire a well-positioned multifamily asset with substantial upside potential in a thriving Phoenix neighborhood.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0304134
- Latitude
- 33.4826792
