1905 W Village Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1905 W Village Dr
4 Unit Block of Flats £579,013 (£144,753/Unit) 5.91% Net Initial Yield Phoenix, AZ 85023
Executive Summary
Exceptional fourplex in a prime location with zero turnover in over five years. This well-maintained asset features three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Situated within the North I-17 employment corridor, the area boasts over 95,000 jobs within a 5-mile radius of the property. The roof was replaced in 2020 and comes with a 10-year warranty, while the parking lot was repaved in 2022. Long-term tenants enjoy the large yard & maintain the property, resulting in minimal expenses for the owner. The owner covers water and electricity for security and laundry, while tenants are responsible for their own electric bills. This presents a value-add opportunity with immediate upside potential, as current rents are below market and on a month-to-month basis.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Price | £579,013 | Building Class | C |
Price Per Unit | £144,753 | Lot Size | 0.31 AC |
Sale Type | Investment | Building Size | 2,525 SF |
Net Initial Yield | 5.91% | Average Occupancy | 100% |
No. Units | 4 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1970 |
Property Subtype | Apartment |
Price | £579,013 |
Price Per Unit | £144,753 |
Sale Type | Investment |
Net Initial Yield | 5.91% |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.31 AC |
Building Size | 2,525 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1970 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 1 | - | - |
2+1 | 3 | - | - |
Walk Score ®
Very Walkable (72)
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1905 W Village Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.