1623 W Missouri Ave, Phoenix, AZ, 85015

USD 4,450,000
For Sale

Property Details

Property Type

Single Family

Description

Property Details: • Type: Single Family • Bedrooms: 0 • Bathrooms: 0 • Square Feet: [object Object]

Description: The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all unit

Location

Address

1623 W Missouri Ave, Phoenix, AZ, 85015

City

Phoenix

Features and Finishes

Year Built: 1964; [object Object]; [object Object]; [object Object]

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