Six on 35th 1431 N 35th St Immeuble residentiel 6 lots 1 132 105 € (188 684 €/Lot) Taux de capitalisation 5,65 % Phoenix, AZ 85008

CBRE is pleased to announce the exclusive listing of Six on 35th, a 6-unit multifamily opportunity in East Phoenix. Built in 1960 and fully renovated in 2023, the property is made of block construction with pitched shingle roofs and is individually metered for electricity with individual hot water heaters. Six on 35th is located south of the Biltmore Fashion Park, the Financial District, minutes from major retail shopping centers containing Walmart, Frys Grocery, Target and Costco only 3 miles from Phoenix Sky Harbor Airport, and just minutes from Loop 202, Interstate-10, and State route 51 freeways, providing access to major shopping, entertainment districts and employment corridors including downtown Tempe, Scottsdale and downtown Phoenix.
Renovations include new quartz counter tops, stainless steel appliances, white shaker cabinets, tile backsplash, in-suite washers & dryers, vinyl plank flooring, new bathroom vanities & tile backsplash, modernized exterior paint scheme, all new plumbing & electrical, 2 new HVAC units, and all new dual pane windows. In addition to the renovations completed, there is still value-add upside as an investor would have the option build an additional 4 units on the property and increase the cash flow.
Six on 35th provides an investor the unique opportunity to own a fully stabilized asset in one of the most sought-after locations in the metro area.