9928 E. Birchwood Mesa, AZ 85208
4 Units | $465,000 | 1988
Sold 10-2020


Description
4-plex in east Mesa include 4 large units with 2 bedrooms and 2 baths. Full-size washer and dryer in units. Units are well maintained, and 100% tenant occupied.

Buckeye 28 Unit Assemblage:
209 - 223 5th Ave E Buckeye, AZ 85326
212 - 218 4th Ave E Buckeye, AZ 85326
802 E. Monroe Ave Buckeye, AZ 85326
 28 Units | $2,400,000 | 1960
Sold 11-2020:  $2,150,000


28 Unit Assemblage Buckeye, AZ
Assemblage requires significant immediate upgrades. Heavy lifting necessary.
Seller Financing - $1,666,250 1st position 6% Interest-only with a 2yr term w/ balloon.
$76,786/unit or $141/SF.
Assemblage includes:
212 - 218 4th Ave E: 4 duplex's on 4 lots. All 2 br's/1 br's.- 8 total units.
209 - 223 5th Ave E: 6 duplex's on 6 lots. All 2 br's/1 br's - 12 total units.
802 E. Monroe: 8 units with 7 studios & one 1 bedroom (1/2 mile away).


Complicated Escrow with Wrap involved


Tough Sale - "remote location" & difficult to finance.
Told by numerous buyers/buyer agents that the assemblage was worth less than $2 mil.
On market for 11 weeks before escrow.
AZ based buyer & buyer agent.
Cali based seller who self managed.

2318  E. Broadway Rd Mesa, AZ 85204
4 units | $625,000​​

Sold 9-2021

Description

Mesa area near Downtown. All 2 bedroom unit building has a lot to offer. All new/newer HVAC units. Roof less than 5 yrs old. All units upgraded incl. kitchens/bathrooms in last 5 yrs! Curb appeal with nice touches that make this stand out from the cookie cutter 4 unit competition. Off-street parking. Coin operated laundry. Close to 5 CAP now with 6+ CAP proforma. 

​​Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

412 N. 17th Dr. Phoenix, AZ 85007
4 units | $698,000​​
Sold 7-2021

Description​
Sold for $263/SF or $174,500/unit!
Downtown Phoenix - Crossroads Van Buren/19th Ave.
Three - 1 bed units and One - 2 bed unit. Common courtyard area. No Parking.
Oakland Historic District. Cosmetic Upgrades.
Evap Coolers - No HVAC's, Wall Units only.
* This price is quite substantial, shattering any other 4 unit sale in the area.

6731 N. 60th Ave Glendale, AZ 85301 
3 units | $329,600​
Sold 7-2021

Description

Upgrading and improvements will be required throughout.
3 Slump Block Cottages in Downtown Glendale.
All 2 bed/1 bath.
Front house is 784 SF, middle 594 SF, and rear 462 SF.  
Look to be structurally in good shape, but will need improvements/finishing.
All separate electric, water & gas.
  9,000 SF Lot w/ R3 Zoning. Built 1949 - 1971.

​​Cass Stephens - S.J. Fowler ReAL ESTATE INVESTMENT

7402 N. 62nd Ave Glendale, AZ 85302 
7405 N. 62nd Ave Glendale, AZ 85302 
7327 N. 62nd Ave Glendale, AZ  85302 
9 units | $965,000​​ ​
Sold 11-2021


Description​

This 9 house + lot assemblage in Glendale closed for $965,000 or about $161/SF. Project will require a full reposition; 1940's vintage needing full renovation and rent stabilization. Multiple existing code violations to abate.

Seller Financing at 8 % i/o with a balloon at year 2. Appreciative of the opportunity and challenge of marketing of this assemblage. Numerous offers over several months of marketing.

Heavy value-add project required the right kind of investor that is bullish on Glendale and the overall rental market in the West Valley.

Ability to control virtually an entire block off of Grand/Orangewood on the outskirts of Downtown Glendale.

Seller recognized over a 1000% return (gross), while the buyer sees more upside with the robust AZ economy=rental market

2204 W. Vista Ave Phoenix, AZ 85021
3 units | $485,000​​
Sold 7-2021

Description​
Sold for $224/SF or $161,666/unit!
Central Phoenix location on 15,660 SF lot (irrigated).
2 bedroom mix (718 SF each). One unit more recently remodeled.

All units have tile, washer/dryer, storage, surface parking.
Built in 1959, this is 2156 SF total.

1701 W. Vogel Ave | Phoenix, AZ 85021
8 Units | $615,000 | 1964

Sold 7-2020

Description

8 big one bedroom/bath units (525 SF) w/walk-in closets. Individually metered for electricity with HVAC units. Attractive corner lot.  Long-term owner, self-managed. Value-add opportunity.
Avg. rent per owner is $500/unit. Tenant pays for electric. Set term leases. Some upgrades completed recently. Complex needs some upgrading to capture market rents. 

4819 E. Willetta St Phoenix, AZ 85008
4 units | $620,000

Sold 4-2021


Description​

Four-plex with 2 buildings.

All 2 bed/1 Bath. 833 +/- SF 3332 +/- SF Total. 100% occupied M-T-M leases.
11,520 +/- SF Jumbo sized lot. 4 new HVAC Units just installed.

Built in 1960, R-3 Zoning. Ample Surface Parking. 

928 W. McDowell Rd Phoenix, AZ 85007
4 units | $639,000 | 1940

Sold 12-2020


Description
4plex with all 2 bedroom/1bathroom units (677 SF each). Hard to find 4 unit in Midtown near LRT, on the edge of the Encanto Historic District. Loads of charm circa 1940 build with attractive brick, off-street surface parking, courtyard, and more. Upgrades in last five years include tile flooring, kitchen cabinets, kitchen countertops, copper plumbing, glass block, & a few HVAC units. Partially fenced courtyard area & 1 parking spot/unit. Highest price ever for a 4 unit at time of sale in the 85007 area code next to Encanto per ARMLS! 

2728 N. Salem Mesa, AZ 85215
4 units | $650,000 |

Sold 3-2021


Description​
Totally Remodeled 3432 SF 4 Unit
3 Large 2 Bed/2 Bath units, 1 2 BR/1 Bath. Rents - $4,000+/month, $48,000+/year
Owner-Occupied, Highly Stabilized, Clean. No financing contingency preferred 
Close of Escrow to be after 2/21/2021. Rare to find a premium Mesa location & highly polished building 2 story building with private patios, surface parking. Some include W/D, & many more amenities. Rental ceiling is very high long-term,

818 W. Osborn Rd Phoenix, AZ 85013
3 units | $677,000

Sold 6-2021


Description​
2 bed/2 bath, 2 bed/1bath, 1 bed/1 bath. 

Large lot 9,799 SF. Directly across the street from major development w/ Sprouts. Remodeled 2014/2015  - 2328 SF Total​. Built in 1955.  R-4 Zoning
Separate Electric Metering w/ 1 Water Meter.

104-108 S. 7th St. Buckeye, AZ 85326
6 Units | $325,000 | 1951

Sold 7-2020

Description

​6 unit in the heart of Buckeye for $60,000/unit. Large 550 SF 1 bed/1 bath units spread out over three duplexes. Though there have been some upgrades, the property needs more renovation. Cash buyer preferred, offers considered. Two units are occupied at $640/$699 and in pretty good shape. The other four units are vacant and require renovation work.  Separate electric/gas that is tenant paid. 

260 W. 8th Ave Unit 26 | Mesa, AZ 85210
4 Units | $365,000 | 1985

Sold 1-2020

Description

Solid 4 unit in the heart of Mesa with all 2 bedroom units. Over 800 SF/units with tenant paid individually metered electric. Nice value-add opportunity. One unit remodeled and a few other upgrades in the last few years. Located within the Amberwood Manor complex. Within walking distance to CC/Main light rail station.

2145 W. Mariposa St Phoenix, AZ 85015
3 units | $471,000 | 1984

Sold 6-2021

Description​
Built in 1984, this attractive all 2 bedroom/1 bathroom mix offers an investor an excellent value-add.
 All units have separate HVAC split systems with tenants paying electric.
Big 2 bedroom units (739 SF) have strong long-term rental upside. Paved parking in front. 2 units on 1st floor with 3rd unit on 2nd floor. Newer vintage is a nice bonus! 

6532 N. 59th Dr. Glendale, AZ

4 Units| $439,000 | 1949

Sold 3-2021


Description

Very generous sized units with wood post beam lofted ceilings & fenced patios.
Strong Glendale neighborhood within walking distance to the heart of Downtown Glendale.
One of the more preferred rental areas with owner-occupied houses on same block. Close
to a 7 CAP or better with market rents put in place. Long-term owner.
Solid unit mix with two 2's & two 1's. The 2 bedroom units are around 952 SF +/- & the 1
bedroom units are around 615 +/-.

9230 N 8th St Phoenix, AZ 85020
3 units | $460,000​

Sold 3-2021

Description​

Triplex in a strongly gentrifying area in the 85020 zip code of North Phoenix with tremendous long-term rental upside. Stacked washer/dryers with private back patios, two paved parking spots/unit, attractive open concept layout, security doors, newer windows, HVAC's, more! This is a true plug & play investment in excellent condition that really only needs a more aggressive market rent approach. Potential 6 CAP +/- with market approach.

1532 E. Broadway Rd Mesa, AZ 85204
4 units | $485,000

Sold 10-2021

Description​
4 unit with approximately 2800 total square feet. Three 2 bed/1 bath
units (800 SF+/-) w/ a Studio/1 bath unit (400 SF+/-)
Tenants pay own electric (separately metered). Carport. Close to Main Street/LRT
Pro forma CAP rate over 7% with aggressive market rent approach by the new owner.

2831 E. Mobile Lane Phoenix, AZ 85040
 Triplex | $341,000 | 1985

Sold 2-2020

Description

Two huge 3 bed/2 bath units, and a 2 bed/1 bath unit.
Highly appreciating South Phoenix area with many single family homes on same block.
Close to Downtown Phoenix, Tempe, the I-10, & more.  Significantly upgraded inside/out with HVAC units & separate electric. Ample surface parking. 

1019 E. Tempe Dr | Tempe, AZ 85251
6 Units | $770,000 | 1955

Sold 3-2020

Description

Highly Sought After North Tempe Location near ASU & Old Town
6 units-All 1 bedroom units that are 448 SF. 100% occupied, most units on month-to-month 4 of the 6 unit substantially renovated. All new electrical system just completed. 4 of the 6 units have newer HVAC units. Excellent Value-add. Tenants pay electric, owner w/s, gas

82-98 W. Culver St Phoenix, AZ 85003
11 units | $2,000,000

Sold 6-2021

Description​
 
Buyers ended up going with four residential loans (all did appraise).
Complicated Escrow because of the overall condition, very low rents, and minimal comps.

Lengthy marketing period.
Warehouse/Roosevelt District - Downtown Phoenix.
11 Units - 4 Buildings on the same block (not contiguous).
Three 2 bedroom units, seven 1 bedroom units, & 1 large studio unit.

10641 N 15th Ave Phoenix, AZ 85029
 Duplex | $274,000 | 1978

Sold 2-2020

Description

Duplex in N. Phoenix.
Each unit is a large 2 Br/1 Ba with huge carport, laundry/storage room, rear patio/private yard.
Each unit is 1,146 sf in total. Large fenced front yard on corner lot w/ 9,419 sf.
Separate electric w/ 2 HVAC units, 1 newer.