Listing MLS# 6852653 Phoenix AZ Real Estate

Investment Opportunity: Fully Occupied Multifamily PropertyAddress: 2122-2124 W Augusta Ave, Phoenix, AZ 85021Price: $1,990,000Property Overview:Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.List of Recent Capital Improvements:HVAC Upgrades:Installed 1 ton mini-split AC in studioReplaced all AC vents and returns in all units (27 vents, See Additional Information Investment Opportunity: Fully Occupied Multifamily PropertyAddress: 2122-2124 W Augusta Ave, Phoenix, AZ 85021Price: $1,990,000Property Overview:Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.List of Recent Capital Improvements:HVAC Upgrades:Installed 1 ton mini-split AC in studioReplaced all AC vents and returns in all units (27 vents, 7 returns)Appliances:Upgraded to new stainless steel appliances in all units, including fridges, ranges, microwaves, and dishwashers (note: ice makers on backorder)Bathroom Renovations:Installed new toilets, faucets, shower valves, water lines, and P-trapsUpgraded bathroom hardware including towel holders, toilet paper holders, and hand towel holdersInstalled new tubs and bathroom exhaust ventsKitchen and Bathroom Finishes:Fitted new 40"" vanities in bathrooms with quartz countertopsInstalled subway tile backsplash in kitchens with 3/8"" stainless steel trimInterior and Exterior Painting:Freshly painted both buildings with unknown colors (exterior)Interior walls painted with ceiling white; baseboards and door trim in semi-gloss whiteElectrical and Plumbing Enhancements:Upgraded electrical panels in Building #1Installed new outlets, switches, and light fixtures throughout unitsReplaced plumbing systems as per new kitchen and bathroom designsFlooring and Interior Upgrades:Installed porcelain wood-like tile flooring throughout all unitsReplaced interior doors with pre-hung doors and stainless steel handlesExterior Enhancements:Landscaped with three-quarter-inch gravel and artificial grassAdded pavers, irrigation system with timer, and 14 new Vankas plantsBuilt barn-style wooden fence and replaced fence panels with gatesRoofing and Siding Improvements:Replaced roofing on both buildings with new shingles, underlayment, and flashingInstalled energy-efficient windows and replaced siding on Building #1Additional Features:Installed new exterior doors with locks and mailbox stucco finished for all unitsTermite treatment completed with pest control measuresInvestment Highlights:Fully Occupied: Stable rental income from all units.Recent Renovations: Extensive upgrades ensure minimal maintenance and attractive living spaces.Prime Location: Close proximity to amenities, schools, and transportation hubs.Residential Loan Purchase: Potential for financing using two residential loans, providing advantageous terms for investors.Potential for Increased Value: With recent upgrades and tenant satisfaction, there's room for potential rent increases.Price: $1,990,000Disclaimer: Buyer to verify all facts and figures.