Lamplighter Motel | 1945 W Van Buren
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Lamplighter Motel 1945 W Van Buren
17 Room Hotel Phoenix, AZ 85009 £1,201,061 (£70,651/Room)
Investment Highlights
- NEAR THE CITY
- NEAR LIGHT RAIL
- NEAR PUBLIC TRANSPORTATION
Executive Summary
EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability.
CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | £53.21 | - |
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PROPERTY TAXES
| Parcel Number | 109-31-103A | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £35,305 |
PROPERTY TAXES
Parcel Number
109-31-103A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£35,305
zoning
| Zoning Code | C-2, Phoenix (Commercial) |
| C-2, Phoenix (Commercial) |
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Presented by
JM Realty LLC
Lamplighter Motel | 1945 W Van Buren
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