103 E. Ash Ave, Casa Grande, AZ 85221
$555,000 | 1954 

Sold 4-2024

Description
Value-add w/ hard money financing. Under contract in 5 days. COE in less than 3 weeks. Rare offering in the city of Casa Grande, just a few blocks from the heart of downtown in a quiet residential area. This is a 5-unit complex with 4140 total sf or 828 sf/unit average.  The unit mix consists of (1) 3 bed/2 bath; (1) 2 bed+den/1 bath; (2) 1 bed/1 bath units; and (1) studio unit. 

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.

24-136 Shady Ln Duncan, AZ 85534
$460,000 | 7 Mobile Homes
Sold 12-2022

Description
Addresses are: 24 Shady Lane Duncan, AZ 85534; 40 Shady Lane; 72 Shady Lane; 88 Shady Lane; 104 Shady Lane; 120 Shady Lane; and 136 Shady Lane.

Cash flowing mobile home park near one of the largest copper mines in the world (Morenci mine).
Sale includes just under an acre lot with seven seller-owned trailers. All 3 bed/2 baths. Two double-wides (1200 sf +/-) and five single-wides (800 sf +/-). 3.5 hours from Phoenix in
Duncan AZ, just past Safford. 

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.

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. 

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.

1527 W. Sonora St Phoenix, AZ 85007

 $260,000 | 1954

Sold 2-2023

Description
Seller Financing 7% interest rate w/ 3 year term. Off Market. Built 1954. SF 1,000+ SF. Lot 0.16 Acres. 3+ Bed/ 2Ba. Electrical and plumbing upgrades. Fenced yard. Corner lot.

6019 W. Crestwood Way Glendale, AZ 85301
$625,000 | 4 units | 1973
Sold 3-2022

Description
Well-Maintained 4plex with many upgrades. 
2 bedroom/1 bath unit mix-729 SF average
Two units recently remodeled; the other two units in good condition. 
Built 1973, with coved windows and curb appeal, on a big 8,494 SF lot. 
Covered parking, coin-operated laundry room, storage units, fenced yards!
Solid Glendale rental area on a quiet 1/2 circle street in gentrification mode.

2604 E. Lemon St / 2641 E. Orange Tempe, AZ 85281
$600,000 | Townhomes

Sold 7-2022

Description​​
Nice Townhome in the heart of Tempe with 3 bedrooms/2 bathrooms. Well-maintained property with cosmetic upgrades in the last few years.
Community pool. Appliances included. W/D hookups In the Oaks II HOA, a clean/well-maintained community just a few miles
from ASU.

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! 

​Are you considering Selling your Multi-Family Property? ​

CONTACT ME TODAY TO OBTAIN YOUR FREE INVESTMENT PROPERTY PRICING ANALYSIS!
 Cass Stephens - cstephens@ccim.net or 602-672-3526

3980 E. Mission Ln Cottonwood, AZ 86326
$698,325 | 1987

Sold 3-2023

Description​
Other address is 2460 S Highview Cir. Cottonwood, AZ 86326.

Generous 10,853 SF lot. $50,000+ in recent upgrades.

Fourplex - 3 BR/1.5 BA lower units - 3 BR/2 BA upper units (1063 +/- sf avg).
Ample parking w/ great mountain views. Close to all of the action, just 30 minutes to Sedona or Prescott!

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.

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. 

2650 E. McKellips Rd 211 & 245 Mesa, AZ 85213

$1,615,000 | ​2 buildings | 8 Units 

Sold 3-2022

Description

$1,615,000 - 8 Units. Two 4’s in Four Peaks, Mesa. Highest prices ever in Four Peaks. Buyer Agent. Value-Add w/ high rental ceiling, Strong HOA.

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.

7238, 7240, 7302 E. Belleview St. Scottsdale, AZ 85257
$3,420,000 | 3 Buildings - 12 units | 1962
Sold 4-2022

Description
Closed @ $285,000/unit; $1,140,000/building; $427/sf
100+ inquires, 10+ offers over 10-day period
2668 SF (8004 total SF) w/ 3 large 1 BR's (625 /-SF) & a 2 BR unit (800 /- SF). R-5MF zoning. 7020 SF lots (21060 total). Contiguous lots are hard to find.

Value-add. 50% have been partially remodeled per seller. Buildings overall need substantial renovations.  All  m-t-m leases. Long-term owner self-manages.

12247 N. Fountain Hills Blvd Fountain Hills, AZ 85268
$580,000 | 2 Unit 
Sold 8-2022

Description​
​Near Downtown FH. Excellent rental market with low supply. Duplex 2,325 SF +/-. 0.27-acre lot. Built in 1980. Highly Stabilized. Tenant leases run until early 2023. Well-maintained property. Value-Add Opportunity. Nice views. Newer fenced yards. Laundry rooms. Substantial storage. Large Corner lot.

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.

​​​Commercial Multifamily & ​Investment Broker Specialist

​Multifamily for sale, multifamily real estate

2052 S. Idaho Rd Apache Junction, AZ 85119

$370,000 | 1982

Sold 6-2023

Description 
Apache Junction.  My buyer paid $370,000 for 2030 total SF building w/ one 2 bed unit & two 1 bed units. $182/SF & $123,333/unit. Two previous escrows fell through.
The Apache junction Triplex has rents of $600/$600/$750/ or $1950/month = $23,400 annually. Expenses are about $5,000. NOI is around $18,400. 4.97 CAP +/-.  True cash buyer.
Medium value-add project with buyer to immediately correct all "health/safety" issues.
Great investment. Fully rented triplex in Apache Junction with month to month and others expire December 2023. Built in 1982 built on large lot with easy to care for desert landscape.

​​​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

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 +/-.

​​1629 E. Birch Cottonwood, AZ 86326
$734,000 | 4 units | 1976

Sold 3-2022

Description​​
Cottonwood fourplex closed $216/SF Value-add requiring upgrading and repositioning. One of the highest priced sold 4's in the history of Cottonwood!

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