Delano Place - LoopNet · 2018. 7. 11. · Unit/Room Mix Information Description No. Units Avg....
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Delano Place 1241 N 48th St, Phoenix, AZ 85008
Transcript of Delano Place - LoopNet · 2018. 7. 11. · Unit/Room Mix Information Description No. Units Avg....
Delano Place1241 N 48th St, Phoenix, AZ 85008
For Sale - 18 condo units inside of a 32 unit complex. We are selling all the units together as a valueadd investment opportunity. Seller financing available!
The property is a gated community built in 1986. There are eight 2 bed 2 bath units and ten 1 bed 1bath units. The units have recently been renovated with granite countertops, new appliances, travertinetile, and in-unit laundry. The community also has a pool and spa along with a BBQ area. All the unitsare currently being used as rentals. The property is in a great location just north of Tempe and east ofScottsdale. Only a 5 minute drive from ASU, Papago Park and the Phoenix Zoo.
Price: $1,800,000
View the full listing here: http://www.loopnet.com/Listing/1241-N-48th-St-Phoenix-AZ/12990559/
Price: $1,800,000
No. Units: 18
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Low Rise
Building Class: C
Sale Type: Investment
Cap Rate: 5.83%
Lot Size: 1.00 AC
Building Size: 23,480 SF
Gross Rent Multiplier: 11.36
No. Beds: 18
No. Stories: 2
Year Built: 1986
Parking Ratio: 1.44/1,000 SF
Property Details
Delano Place1241 N 48th St, Phoenix, AZ 85008
Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft1+1 18 $61.46 552 - 590
2+2 18 $71.88 771 - 820
Delano Place1241 N 48th St, Phoenix, AZ 85008
Location
Delano Place1241 N 48th St, Phoenix, AZ 85008
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Property Photos
Delano Place1241 N 48th St, Phoenix, AZ 85008
Building Photo Building Photo
Property Photos
Delano Place1241 N 48th St, Phoenix, AZ 85008
