MLS® ID: 5988481
1812 N 31ST Place
Phoenix, Arizona, 85008 $599,000
Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.