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

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.

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.

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

3543 W. Grant St | Phoenix, AZ 85009
4 Units | $275,000 | 1946/1956

Sold 1-2020

Description

One of the best priced 4 unit buildings on the market for this new listing west of Downtown Phoenix and just off the I-10. This property consists of two buildings. Building A has a 1 br/3 br, Building B has a 2 br/2br. Excellent unit mix with very high rental upside as rents are below market. Excellent value-add opportunity with a very deep rental base in a nicely gentrifying area of Phoenix.

3231 W. Madison St Phoenix, AZ 85009
4 Units | $252,000 | 1985
Sold 5-2020

Description

$252,000 or $63,000 a unit. All 2 br units built in 1985.
Sold for $100/SF. Swamp Coolers, leak issues.
Extensive renovation required to code. 100% occupied at time of closing.
Rents very low at $385/$385/$385/$405; all month-to-month leases.

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.

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. 

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,

Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

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 +/-.

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! 

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. 

2418-20 W. Madison, Phoenix, AZ, 85009
Duplex | $165,000 | 1965​
Sold 12 -2020


Description
Budget priced duplex that has been in the same family for many years. Both units are 2 bed/1 bath with 715 SF (Total SF 1,430 +/-). Rents are well below market on month-to-month leases. One AC unit is new, the other has a new compressor per 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. 

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.

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.