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7 Unit 100% Occupied/2 parcels REMODELED 2122-2124 W Augusta Ave 7 Unit Block of Flats £1,499,266 (£214,181/Unit) 6.07% Net Initial Yield Phoenix, AZ 85021

INVESTMENT HIGHLIGHTS

  • Buy 7 Units with 2 residential loans (2 Parcels)
  • Full Size Washer and Dryers
  • LARGE Storage Rooms for Each Unit
  • Completely Remodeled and Fully Occupied
  • Quartz Counter Tops and Wood Grained Ceramic Tile in Every Unit
  • Dual Payne Windows, Dishwashers in every unit along with built in Microwaves

EXECUTIVE SUMMARY

Own Your Piece of Phoenix: Fully Remodeled 7-Unit 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.
**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.*
The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children's Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities.
Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants.
One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city's many attractions without having to worry about driving and parking.
The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields.
In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.

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

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

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

PROPERTY FACTS

Price £1,499,266
Price Per Unit £214,181
Sale Type Investment
Net Initial Yield 6.07%
Gross Rent Multiplier 13.2
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.40 AC
Building Size 3,360 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1987/2023
Parking Ratio 4.17/1,000 SF
Zoning R-3, R-4 - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Waste Disposal
  • Microwave
  • Storage Space
  • Ceiling Fans
  • Tiled Floors
  • Ice Maker
  • Fridge
  • Stainless Steel Appliances
  • Cooker
  • Walk-In Wardrobes
  • Double Glazed Windows
  • Patio

SITE AMENITIES

  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1 6 £1,281 580
Studios 1 £828.74 483
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
157-21-016C
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£8,112 (2025)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 35458805

  • Date on Market: 11/04/2025

  • Last Updated:

  • Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021

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