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1120 4th Ave - 1120 S 4th Ave
1,380 SF Light Industrial Unit Offered at £516,940 in Phoenix, AZ 85003
INVESTMENT HIGHLIGHTS
- Walking distances to downtown
- lots of nature light
- Hospital near by
EXECUTIVE SUMMARY
: Discover this stunning new construction duplex in the heart of downtown Phoenix, offering the perfect blend of modern design and convenience. Each thoughtfully designed unit includes 2 spacious bedrooms, 1 sleek bathroom, and an in-unit laundry area equipped with a stackable washer and dryer. Step into the beautifully appointed kitchens featuring quartz countertops, stainless steel appliances, and ample storage space, ideal for those who love to cook and entertain. Enjoy private two-car garages for each unit, providing secure parking and storage. With separate electric and water meters, this duplex offers great flexibility—live in one unit and rent out the other, or maximize income by renting both. No HOA fees
PROPERTY FACTS
| Price | £516,940 | Building Class | B |
| Unit Size | 1,380 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 690 SF |
| Total Building Size | 1,380 SF | Year Built | 2024 |
| Property Type | Multifamily (Unit) | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | Sale Condition | Portfolio Sale |
| Sale Type | Investment or Owner User |
| Price | £516,940 |
| Unit Size | 1,380 SF |
| No. Units | 1 |
| Total Building Size | 1,380 SF |
| Property Type | Multifamily (Unit) |
| Property Subtype | Apartment |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 690 SF |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
| Sale Condition | Portfolio Sale |
1 UNIT AVAILABLE
Unit 2
| Unit Size | 1,380 SF | Net Initial Yield | 6.16% |
| Price | £516,940 | NOI | £31,843.49 |
| Price Per SF | £374.59 | No. Parking Spaces | 4 |
| Unit Use | Light Industrial | Sale Conditions | Portfolio Sale |
| Sale Type | Investment or Owner User | APN/Parcel ID | 112-17-173 |
| Unit Size | 1,380 SF |
| Price | £516,940 |
| Price Per SF | £374.59 |
| Unit Use | Light Industrial |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.16% |
| NOI | £31,843.49 |
| No. Parking Spaces | 4 |
| Sale Conditions | Portfolio Sale |
| APN/Parcel ID | 112-17-173 |
DESCRIPTION
Discover this stunning new construction duplex in the heart of downtown Phoenix, offering the perfect blend of modern design and convenience. Each thoughtfully designed unit includes 2 spacious bedrooms, 1 sleek bathroom, and an in-unit laundry area equipped with a stackable washer and dryer. Step into the beautifully appointed kitchens featuring quartz countertops, stainless steel appliances, and ample storage space, ideal for those who love to cook and entertain. Enjoy private two-car garages for each unit, providing secure parking and storage and small back yard space for your pet. With separate electric and water meters, this duplex offers great flexibility—live in one unit and rent out the other, or maximize income by renting both. No HOA fees
SALE NOTES
Discover this stunning new construction duplex in the heart of downtown Phoenix, offering the perfect blend of modern design and convenience. Each thoughtfully designed unit includes 2 spacious bedrooms, 1 sleek bathroom, and an in-unit laundry area equipped with a stackable washer and dryer. Step into the beautifully appointed kitchens featuring quartz countertops, stainless steel appliances, and ample storage space, ideal for those who love to cook and entertain. Enjoy private two-car garages for each unit, providing secure parking and storage and small back yard space for your pet. With separate electric and water meters, this duplex offers great flexibility—live in one unit and rent out the other, or maximize income by renting both. No HOA fees
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Instant Hot Water
- Quartz Countertops
SITE AMENITIES
- Smoke Free
- Storage Space
ZONING
| Zoning Code | R-4 ([R-4] Multiple Family Residence) |
| R-4 ([R-4] Multiple Family Residence) |
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1120 4th Ave - 1120 S 4th Ave
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