1802 N 26th Place
Phoenix, AZ 85008
About
1802 N 26th Pl is an attractive opportunity to acquire a fully occupied 10-unit multifamily asset generating an in-place cap rate of 6.33%, with additional upside through completing remaining interior & exterior renovations. Strong in-place rents and occupancy, coupled with a significant concentration of three and four-bedroom units, provide a compelling competitive advantage in a submarket with strong demand for larger floor plans. Built in 1960, the property has undergone substantial reconstruction and renovation, including five fully reconstructed units and two renovated units in 2021, while three units remain in classic condition. Recent capital improvements include new roofs, plumbing lines, electrical systems, and upgraded interiors across seven units. The favorable unit mix includes one studio, three one-bedrooms, one two-bedroom, four three-bedroom casitas, and one four-bedroom casita, providing broad tenant appeal and diversified rental demand. Select units offer private patios. All five three- and four-bedroom units have their own washer / dryer, and the remaining five units utilize on-site community laundry. Ideally positioned between Central Phoenix and the East Valley, the property is minutes from the I-10, SR-51, and Loop 202 Freeways as well as Phoenix Sky Harbor International Airport, Biltmore FashionPark, and the Camelback Corridor, offering residents convenient access to major employment, retail, dining, and entertainment destinations.
Property
Beds
22
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
N/A
Features
Features & Amenities
Interior
-
Total Bedrooms
22
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric, Varies by Unit, Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Varies by Unit
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,849,000
-
Tax Amount
$3,721
-
Financing Options
Conventional, 1031 Exchange, Cash
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
27
-
Water Source
Public
Schedule
Schedule a Showing
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Location
-
County
Maricopa
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Colin Kreager, ABI Multifamily
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Mandy Gold
Associate Broker / RealtorĀ®/ Team Lead
Call Mandy today to schedule a private showing.
Phone (520) 508-4855
Email mandy@mandygoldteam.com
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