30

6041 N 23RD AVE Phoenix, AZ 85015

$3,850,000

Listed By John Klocek, ABI Multifamily

Bedrooms

Total Baths

Full Baths

Square Feet

Acres

1963

Year Built

Active

Status

MLS#

6401928

NOTE - Includes 6027, 6033, 6037 & 6041 N 23rd Ave. 23 Palms is a 14-unit apartment property located in the heart of Phoenix, AZ.The property comprises of 2 fourplexes and 2 triplexes with each building builton separate parcels. This allows for individual residential loans if ever desired.The property features large units with an attractive unit mix of (4) 1-bed /1-bath (approx. 720 SF each), (8) 2-bed / 1-bath (approx. 920 SF each), and(2) 3-bed / 2-bath (approx. 1,270 SF each). The property is also located inthe opportunity zone, which will provide more positive activity to the area overthe next few years. The property is approximately one-third of a mile from the Abrazo Central Campus hospital, a little over a half-mile from the Metro Valley Light Rail and Christown Spectrum Mall (Target, Walmart, Harkins Theatres, etc.), and about a one-and-half mile distance from Grand Canyon University. The location is extremely central and allows residents to enjoy, with ease, so much of what Central Phoenix has to offer. With many dining, shopping, and entertainment options, as well as the I-17 Freeway within minutes (approx. a one-quartermile away), 23 Palms is an attractive investment opportunity and an extremely desirable property for residents. 23 Palms is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. The units feel very secure with the buildings on the property surrounding quaint, quiet, center courtyards which provide tenants an open space to play, gather, walk-dogs etc. It's a rare but very welcome amenity the tenants can enjoy. Four of the units have been highly renovated and include new sewer mains, electrical sub-panels, in-suite washers / dryers, white shaker cabinets, stainless steel appliances with a dishwasher, modern gray plank tile flooring, bathroom vanities and tile shower surrounds, baseboards, two-tone paint, doors, ceiling fans, light fixtures, and more. There was a lot of attention to detail and the units turned out very nicely. There are also five additional units that have undergone a light renovation that includes two-tone paint, exterior doors, blinds, fans, and bathroom and light fixtures, new dishwashers, microwaves, carpet and more. The five classic units have been very well-maintained over the years. The exterior of 23 Palms has been very well maintained and updated as well. Recent upgrades include new xeriscape landscaping, new irrigation systems and plants, new paint, new signage and address numbers, renovated laundry rooms and storage areas, and new asphalt parking in the rear of the property. Additionally, new electrical service panels have been/are being installed where recommended (2 of the 4 buildings). Value-add opportunities exist through additional updating and increasing rents. This property sits on four separate parcels allowing for an investor to get four separate 30-year fixedrate residential loans if they want. This is a great, centrally located, bite-sized deal that has historically maintained very low vacancy and should continue to perform well into the future.

Details

Year Built
1963
Parking
14
Price / Sq Ft
No Info
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
39 Days
Acres
No Info

Listing Office ABI Multifamily, (602) 714-1400

MLS# 6401928

Updated 1:10AM - 6/27/2022

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than . All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.

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