322 N. 13th St Phoenix, AZ 85006
SF w/ Guest Cottage | Built 1931 | $349,000

Property Description

 Highly desirable location in the Historic Garfield District next to Downtown Phoenix, ASU, light rail, and key highway spurs to get around the valley. Hard to find square footage. Main house in front of the property is around 1660 +/- SF per Maricopa tax records with 3 bedrooms, 2+ bathrooms, a huge kitchen/dining area, fireplace, and great flow/layout. Partially fenced front yard with a paved driveway. In the rear portion of the property is a detached separate unit or guest cottage. It is has been recently refurbished with 2 bedrooms/1 bathroom over 572 +/- SF. The front house was built in 1931. Zoned R-5, Multiple Family Residence with M-H Multifamily High Density county zone. Multiple use options offers an attractive investment in a highly thriving downtown neighborhood.   Buyer to complete/rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

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9835 N. 16th St Phoenix, AZ 85020

Duplex | Built in 1957 | $284,900

In Escrow - Pending

Property Description

Unique Panoramic Mountain Views!

Rare opportunity to acquire a highly polished duplex in Ocotillo Hills in N. PHX.
Duplex 1 - one bed & 1 - two bed
Highy polished property. Separate gas/electric utilities w/ 1 water meter. Significantly upgraded recently: Upgrades include a new roof, two new HVAC gas packs, new double-pane windows, new kitchen in 2 br. & much more!

Could be fantastic Air BnB, long-term rental, or owner in 1 unit/rent the other.

Buyer to complete/rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

1223 E. Spence Ave Tempe, AZ 85281
SF Investment | Built 1956 | $275,000

Property Description

Spence is a corner lot with 8988 SF per assessor and a 1,477 SF +/- single-family house with 3 bedrooms and 2+ bathrooms. Zoned R-4. The house is tenant occupied on a month-to-month lease at $850/month rent. Long-term tenant. Needs repairs and upgrading. Available for $275,000 and listed in MLS (5888900). Directly south and adjacent is a 7500 SF lot per assessor with a triplex, R-4 zoning, that could also be available at a negotiated additional price. Potential land banking assemblage with 16,488 SF (combined total of 8988 + 7500) including the corner. Near ASU and LRT with substantial new construction in the immediate neighborhood.

Please do not disturb the tenants. Buyer to rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

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241 N. 100th Way Mesa, AZ 85207
SF Investment Property | Built 1979 | $219,000

In Escrow - UCB

Property Description

4 bedroom/2 bath single-level that was extensively remodeled around 2014, including a gutted kitchen with granite and cherry cabinets around a double sink. Recent upgrades include a new HVAC and numerous cosmetics. Very open concept. Separate family room. Newer flooring, lighting, and more. Separate laundry room too. Big lot with an RV gate. Buyer to complete and rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

2115 W. Glenrosa Ave  Phoenix, AZ 85015

4024 N. 23rd Ave Phoenix, AZ 85015
2 Triplex Buildings | $415,000

In Escrow - Pending

Property Description

This offering includes two triplex buildings that are to be sold together. The seller will be completing a 1031 tax-deferred exchange. The two separate buildings are located about a 1/2 mile from each other. Addresses are 2115 W. Glenrosa Ave and 4024 N. 23rd Ave in the 85015 zip code. All units are large 2 bedroom/1 bath units on one level. Each building has had various significant upgrades over the last 5 years. Rents are below market and offer a solid value-add opportunity. All leases are month-to-month. Amenities include ample parking (including a carport on the 23rd Ave); fully fenced lots with tree-lined courtyards; refrigerators/stoves with all units; additional semi-private backyards for most units; and more. Convenient location just east of the I-17, within a few miles of Grand Canyon University and LRT; and close to many areas of Central and Uptown Phoenix. Pro forma suggests this could perform at a 8+ CAP with rents at $700/unit and around a 30% total operating expense ratio. Comparable properties in the immediate area are achieving a $1/SF or better on rents. Please do not disturb the tenants. Buyer to complete/rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

​​​Cass Stephens - Platinum Living Realty

​Commercial Multifamily & 

​Investment Specialist

​Multifamily for sale, multifamily real estate

8 & 16 E. 6th Ave Mesa, AZ 85210

6 Units | Built in 1960 | $464,000

In Escrow - Pending

Property Description

Side-by-side Mesa triplex (6 units) assemblage. 8 E. 16th has 2 two br.'s & 1 three br. 16 E.
16th all one br. units. 8th E. 6th Ave substantially renovated w/ a new roof, HVAC, storm doors, electrical, and
more! 16 E. 6th more value-add. Ind. tenant-paid electric. Rents below market. Near Downtown Mesa and light rail in high demand rental area. Rents all month-to-month: 8 E. 6th Unit A $750 - Unit B $750 - Unit C $750.

16 E. 6th $650 - 161/2 $550 - 18 E. $500. High 6 CAP+/- now! 8+ CAP potential w/ market rents.

Please do not disturb the tenants. Buyer to complete/rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526