Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access. This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add… Read More opportunity with below-market rents and redevelopment potential. Property Details: Studios: Currently rented at $750-$850 (Market: $950). One-Bedroom Units: Currently at $850 to $950). Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500). Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access. This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential. Property Details: Studios: Currently rented at $750-$850 (Market: $950). One-Bedroom Units: Currently at $850 (Market: $950). Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500). Investment Highlights: Below-Market Rents - Strong upside potential to increase rental income. Redevelopment Potential - Opportunity to add more units or reposition the property. Prime Location - Close to major transit, entertainment, and employment hubs. All facts and figures are approximate. Buyer to verify all MLS information. Read Less
Courtesy of Grace CRE, Sophia J Willets, 602-975-5516
Listing Snapshot
Days Online
78
Last Updated
Property Type
Multiple Dwellings
Year Built
1947
MLS Number
6817995
30 Days Snapshot Of 85008
$503k
+1%
(avg) sold price
22
+15%
homes sold
86
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Free-Standing Range", "Refrigerator"
Building
Built in 1947, Construction materials: "Painted", "Slump Block", 13 total units
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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