Phoenix, AZ 85009
$1,999,000
Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters.
The site offers a potential redevelopment opportunity while providing existing rental income.
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Listed by Zachary Coty, Compass