706 Taylor St Phoenix, AZ 85007
Property profile & analytics
706 Taylor St Phoenix, AZ 85007
- Commercial real estate
- 5,680 SF
- 0.38 lot acres
Property ID
US07-1745537
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
- Commercial real estate
Property Details for 706 Taylor St
- Year built
- 1941
- Lot size
- 0.38 lot acres
- Property size
- 5,680 SF
- Property type
- Commercial real estate
- APN
- 111-30-062A
Description
This 10-unit apartment building in Phoenix, Arizona, presents a compelling value-add investment opportunity. Located at 706 W Taylor St, in the vibrant Triangle neighborhood, this property boasts a strong existing cash flow with significant upside potential. The 5,680 square foot complex, built in 1941, comprises four one-story buildings on a 0.38-acre lot. The unit mix includes seven two-bedroom/one-bathroom units and three studios, each priced at $194,500. Current NOI is $114,134, with a pro-forma NOI of $126,000, yielding a 5.87% cap rate and a pro-forma cap rate of 6.48%. The asking price is $1,945,000 ($342.43/sq ft). Amenities include on-site laundry generating supplemental income, a gated dog park, and several private yard spaces. The property is fully gated and secure, featuring a charming cottage-style ambiance. The DTC-VANB zoning allows for multifamily, commercial, hospitality, or mixed-use development, offering substantial redevelopment potential. Interior and exterior upgrades are possible, including adding in-unit washers/dryers and enhancing exterior amenities. The property's location offers easy access to downtown amenities, including restaurants, bars, ASU's downtown campus, and major employment centers. This is an ideal investment for those seeking immediate return and long-term growth in a thriving urban area. The property's APN is 111-30-062A.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0828594
- Latitude
- 33.454429
