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Casa Serena Apartments in Phoenix AZ for
Sale
2222 & 2220 N 27th Street
Phoenix, AZ 85008
County: Maricopa
Units: 10
Building: 6,000 sq ft
Lot Size: 23,000 sq ft
Occupancy: 100.00%
Price: $798,000
Price Per Unit: $79,800.00
Cap Rate: 6.11%
Year Built: 1984
Property
Description:
Sharp A+ property. Property extensively
renovated. Lush landscaping, sprinklers, secured
perimeter fencing, locked gates, security lighting,
interior/exterior painting, parking lot
resurfacing/striping. New A/Cs, water heaters,
appliances, cabinetry, flooring and more. Rents have
room to grow. Located within easy access to Hwy
10/202/51 interchange. Located on major bus line
with intermodal connections to Light Rail. Buildable
residential lot included.
Location:
E. Thomas Rd & 32nd St. South on 32nd St. from
Thomas Rd. to Oak St; Right (W) on Oak St to N 27th
St. Left on N. 27th St. Property on right (W) side.
Financial Summary Actual
Year: 2007
Scheduled Gross Income: $78,007
Effective Gross Income: $75,667
Operating Expenses: $26,902
Net Operating Income: $48,758
Unit Mix Information
One bedroom one bath
No. Units: 6
SF: 657
Avg. Mo. Rent: $576
Two bedroom one bath
No. Units: 4
SF: 800
Avg. Mo. Rent: $673
Contact Cheryl Colbert at (602) 684-0406
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Apartment Investments
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Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
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