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E Dunlap Avenue

E Dunlap Avenue

https://www.josephbernard.net/e-dunlap-avenue
Address:
1224 E Dunlap Avenue, Phoenix, Arizona 85020
Price:
$1,650,000
Units:
8
Price per unit:
$206,250
Cap Rate:
5.84%
Year Built:
1980

Highlights

  • Extensive capital improvements
  • Refurbished roof
  • All 2-bedroom units
  • Washer/dryer hookups
  • Individual storage units
  • Significant renovations in 2021/2022
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E Dunlap Avenue

Summary

Value-add opportunity through raising rents to market and implementing RUBS. Two units are spacious, standalone 2-bedroom, 2-bathroom with washer and dryers. The remaining units are all 2-bedroom, 1-bathroom with washer/dryer hookups. The A/C units are in excellent condition and the roof was refurbished in 2021. The property was painted and the parking lot paved in 2021. Each unit has an individual storage unit that can be rented for additional income.

Nearby employers include Honor Health Medical Center, Ping Golf, APS, OpenTec Alliance, among others. The property is located near hiking trails and parks.

Highlights

  • Extensive capital improvements
  • Refurbished roof
  • All 2-bedroom units
  • Washer/dryer hookups
  • Individual storage units
  • Significant renovations in 2021/2022
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E Dunlap Avenue

E Dunlap Avenue/N 12th Street

Sold

E Dunlap Avenue

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Sold

E Dunlap Avenue

Document Title Document Type
Property Flyer Adobe PDF
Sold

E Dunlap Avenue

Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax