3702 E Polk St
Property Description
Exceptional investment opportunity to acquire a well-located four-unit apartment property at 3702 E. Polk St., Phoenix, AZ. Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately six years ago and two HVAC units replaced approximately five years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, reducing owner utility expenses, while low City of Phoenix water, sewer, and trash costs and low property taxes contribute to an efficient operating expense ratio. Whether you’re looking to expand your portfolio or acquire a value-add multifamily asset in a rapidly growing Phoenix location, 3702 E. Polk St. presents an excellent opportunity with strong long-term investment potential.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $575,000 |
| No. of Units: | 4 |
| Year Built: | 1983 |
| Lot Size: | 0.13 Acres |
| Opportunity Zone: | No |
| Price per unit: | $143,750 |
| Property Website | Click Here |
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