ROSELAWN HEIGHTS LOTS 9-12
Property • Multiple Dwellings
Web ID # 6869774
$1,000,000.00
Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
1620 E Palm Ln presents an exceptional opportunity to acquire a turnkey asset in a historically significant area at an outstanding price. The property features 7 units, with 5 recently renovated and 4 units offering washer/dryer. With current rents and expenses, the investment is offered at a 6.3% cap rate, with additional optimization and growth potential.
The asset is situated on a large 20,473-square-foot lot, with the current building footprint utilizing only a small portion, providing significant opportunity for future redevelopment or the addition of additional units.
The existing income stream generates immediate cash flow, ensuring a strong return from day one. The current ownership has established a strong model for the remaining units, further enhancing the property's revenue.
Dwelling Type: Multiple Dwellings
Subdivision: ROSELAWN HEIGHTS LOTS 9-12
Year Built: 1947, County: US
Virtual Tour
Listing is courtesy of Orion Investment Real Estate
