Buy a Total of 7 units w/2122 W Augusta 2124 W Augusta Ave 3 Unit Block of Flats £644,482 (£214,827/Unit) 6.26% Net Initial Yield Phoenix, AZ 85021

INVESTMENT HIGHLIGHTS

  • Fully remodeled triplex located in the heart of North Phoenix plus fully occupied
  • Interiors feature wood-look tile, fresh paint, and open-concept living spaces
  • Fully leased, income-producing investment in a high-demand rental market
  • Eligible for residential financing with two-parcel layout
  • Kitchens include quartz countertops, stainless steel appliances, and ample cabinetry
  • Energy-efficient upgrades with dual-pane windows, new doors, and hot water heaters

EXECUTIVE SUMMARY

Own Your Piece of Phoenix: Fully Remodeled Triplex Multifamily Opportunity!
**Location, Luxury, and Investment Potential Await!**
Discover a rare opportunity to own a fully remodeled and leased 7-unit apartment building nestled in the vibrant heart of North Phoenix. This property spans two parcels, making it eligible for residential financing—a unique advantage for savvy investors and homeowners alike.
**Key Features:**
- **Modern Interiors:** Recently upgraded with fresh paint, wood-like tile flooring, and spacious living/dining areas.
- **Energy Efficiency:** New dual pane windows, doors, and hot water heaters enhance comfort and reduce utility costs.
- **Gourmet Kitchens:** Featuring ample cabinets, luxurious quartz countertops, and sparkling stainless steel appliances.
- **Comfortable Living:** Bedrooms flooded with natural light, upgraded ceiling fans, and walk-in closets.
- **Upscale Bathrooms:** Completely renovated to offer modern comfort and style.
- **Exterior Appeal:** Even and smooth stucco finish, with private backyards for the rear units.
- **Additional Income Potential:** Includes two onsite storage rooms, offering extra revenue streams.
**Prime Location:**
Located in North Phoenix, where historic charm meets trendy establishments. Enjoy proximity to renowned restaurants, shopping centers, and convenient access to major transportation routes.
**Investment Highlights:**
- Fully leased with immediate income generation.
- Ideal for residential financing, maximizing investment opportunities.
- Potential for continued growth in a thriving rental market.
**Don't Miss Out!**
Seize this exceptional opportunity to own a meticulously remodeled 7-unit multifamily property in one of Phoenix's most sought-after neighborhoods. Whether you're looking to invest or searching for a stylish home with income potential, this property promises unmatched value. The price above is for the Triplex only.
**Act Now!**
Contact us today to schedule a viewing and secure your stake in Phoenix's booming real estate market. Verify all facts and figures, and envision the potential of owning a property that blends modern luxury with strategic investment advantages.
*Disclaimer: Buyer to verify all facts and figures.
*Investment and residential financing subject to lender approval. All information deemed reliable but not guaranteed.*
iscover the Dynamic 85021: Where Connectivity Meets Community
Located in North Phoenix, ZIP code 85021 offers a vibrant blend of urban accessibility, educational resources, and emerging employment opportunities. The area is undergoing significant redevelopment, enhancing its appeal for residents and businesses alike.
Transportation & Accessibility
Interstate 17 Access-Situated just west of I-17, residents enjoy seamless travel to downtown Phoenix and beyond.
Valley Metro Light Rail-The newly opened **Thelda Williams Transit Center** serves as the northwestern terminus of the Valley Metro Rail's Northwest Extension Phase II. This elevated station provides direct access to downtown Phoenix, the East Valley, and, upon completion, south Phoenix.
Bus Routes-The transit center is served by Valley Metro Bus Routes 27, 35, 90, 106, and the I-17 Rapid, offering comprehensive public transportation options.
Education & Community Services
Arizona School for the Deaf and Blind** A cornerstone of the community, this specialized educational institution provides essential services and education for students with sensory disabilities.
Employment & Development
The Metropolitan-The former Metro-center Mall is being redeveloped into **The Metropolitan**, an $850 million, 68-acre mixed-use urban village featuring over 1,200 townhomes, retail spaces, restaurants, parks, and bike paths.
Formation Park 17-Adjacent to The Metropolitan, this new 22-acre business park is set to include four industrial buildings totaling 425,280 square feet, targeting industries such as manufacturing, semiconductors, and warehouse and distribution.
Retail & Recreation
The Loop-A central feature of The Metropolitan, this pedestrian-friendly retail plaza will offer shops, restaurants, bars, parks, a splash pad, and an outdoor entertainment venue.
Parks & Amenities-The development includes green spaces, an amphitheater for concerts and movie nights, and rooftop amenities such as a restaurant, pool, and pickleball courts.
The redevelopment of The Metropolitan aims to create a walkable, transit-oriented community that serves as a vibrant hub for residents and visitors. With its strategic location, diverse amenities, and commitment to sustainability, 85021 is poised to become a premier destination in Phoenix.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price £644,482
Price Per Unit £214,827
Sale Type Investment
Net Initial Yield 6.26%
Gross Rent Multiplier 12.82
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.17 AC
Building Size 2,320 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1947/2023
Zoning R-3 - Residential

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Waste Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Ceiling Fans
  • Tiled Floors
  • Kitchen
  • Ice Maker
  • Fridge
  • Oven
  • Stainless Steel Appliances
  • Cooker
  • Bath/Shower
  • Yard
  • Double Glazed Windows
  • Framed Mirrors
  • Linen Cupboard
  • Patio
  • Porch
  • Smoke Free
  • Window Blinds
  • Large Bedrooms
  • Quartz Worktops

SITE AMENITIES

  • Courtyard
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1 2 £1,206 573
Studios 1 £829.16 256
Walk Score®
Very Walkable (70)
  • Listing ID: 35458797

  • Date on Market: 11/04/2025

  • Last Updated:

  • Address: 2124 W Augusta Ave, Phoenix, AZ 85021