Phoenix,  AZ

2238 E TAYLOR ST

VALUE ADD 1o units IN OPPORTUNITY ZONE

REI Marketing is pleased to offer for sale 2238 E Taylor Street, a low maintenance value add community of ten one bedroom units located in an opportunity zone in central Phoenix. The units have undergone some improvements over the years and most have either tile or laminate flooring. All of the units are individually metered for electricity, and most of the A/C’s and hot water heaters are newer.

There is a solid opportunity to reposition the property by further refreshing the unit interiors, adding private back yards and covered parking. These upgrades will give a new owner the opportunity to raise rents and increase the value of the investment. The property is also located in one of Phoenix’s 84 designated opportunity zones which offer substantial tax benefits to investors. This is an excellent opportunity to own high demand, affordable housing in the Phoenix market with room for value add.

NUMBER OF UNITS

10

YEAR BUILT

1943

NET RENTABLE SF

3,400 SF (est)

PRICE

$995,000

PARCEL SIZE

.38 Acres

STAY REAL ESTATE INTELLIGENT