Four on 25th 2231 N 25th Pl 4 Unit Block of Flats £654,134 (£163,534/Unit) 6.05% Net Initial Yield Phoenix, AZ 85008
INVESTMENT HIGHLIGHTS
- Four on 25th offers below-market rents presenting significant upside potential to increase returns.
- The corner multifamily parcel was most recently appraised at $850,000.
- There are versatile financing options eligible - FHA, VA, and conventional financing eligible.
- In a great location in Central Phoenix near freeways and surrounded by residential neighborhoods.
- Each of the four units are separately metered as tenants pay for their own electricity.
EXECUTIVE SUMMARY
Grace CRE is pleased to present the investment opportunity of Four on 25th, an amazing opportunity to own a triplex and a single-family home on one lot. Eligible to qualifying investors for FHA, VA, and conventional financing - a rare find for investors and owner-occupants alike. The single-family home has three bedrooms and one and a half baths. It offers Central A/C and washer and dryer hookups. The triplex units consist of three two-bedroom/ one-bath units, each with washer and dryer hookups.
All units on-site are individually metered for electricity as tenants pay that utility, and the exteriors have received fresh paint.
All facts and figures are approximate. Buyer to verify all information. Drive-by only. Please do not disturb tenants.
All units on-site are individually metered for electricity as tenants pay that utility, and the exteriors have received fresh paint.
All facts and figures are approximate. Buyer to verify all information. Drive-by only. Please do not disturb tenants.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 | £654,134 |
| Price Per Unit | £163,534 |
| Sale Type | Investment |
| Net Initial Yield | 6.05% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 3,495 SF |
| Number of Floors | 1 |
| Year Built | 1920 |
| Parking Ratio | 1.72/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 3 | £923.48 | 645 |
| 3+1.5 | 1 | £1,458 | 1,560 |
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