Phoenix,  AZ

3123 W Almeria Rd

8 UNIT VALUE ADD

REIM is pleased to offer for sale Almeria 8. These all  1-bedroom units are 100% occupied. Each unit has a private back yard. The roofs and ACs are all newer. Approximately half of the units have had some recent upgrading (tile flooring, for example). The latest rent (achieved without renovation) is $750 with the tenant paying the electric and gas. A new owner can achieve great rent upside beyond $750 through a renovation program. The property is centrally located just West of downtown Phoenix. There is a middle school within a couple blocks and an elementary school only a block away. Great for families!

NUMBER OF UNITS

8

YEAR BUILT

1967

NET RENTABLE SF

4,416 SF

PRICE

$720,000

PARCEL SIZE

.32 Acres