Active
2222 E GARFIELD Street
Phoenix AZ, 85006
$1,395,000
Active
Other
Built in 1958
Total Gut and Remodel
Unit Mix one 3 bedroom 2 bath, two 2 bedroom 1 bath and one 1 bedroom one bath
New Plumbing
New Electric
New Flooring
New Roof and Joists
New Air Conditioning
New Exterior Stucco and Modern Paint
New Concrete Walk Ways
New Parking
New Dual Pane Windows
New Interior and Exterior Doors
New Ceiling fans in Living Room and ALL Bedrooms
New Landscaping
New Cabinets
New Bathrooms
New Stainless Appliances
New Quartz Countertops
The Certificate of Occupancy should be delivered around the end of May. All permits will be closed at COE.
Buyer should read the additional information here. Buyer to verify all facts and figures.
Introducing a lucrative investment opportunity in the heart of Garfield District, presenting a meticulously renovated 4-unit property poised to deliver exceptional returns. Situated in a highly sought-after area, this property is strategically positioned near hospitals, ensuring a steady flow of potential tenants seeking convenient accommodation. With a Certificate of Occupancy expected by the end of May, this property shows an rental income upon acquisition.
**Property Overview:**
- **Unit Mix**:
- 1 x 3 Bedroom, 2 Bath
- 2 x 2 Bedroom, 1 Bath
- 1 x 1 Bedroom, 1 Bath
- **Complete Renovation**: Total gut and remodel, ensuring a modern and attractive living space.
- **Key Improvements**:
- New Plumbing, Electric, and Roof with Reinforced Joists
- New Flooring, Air Conditioning, and Exterior Stucco
- New Concrete Walkways and Parking Spaces for Tenant Convenience
- New Dual Pane Windows and Exterior Doors for Energy Efficiency and Security
- New Ceiling Fans in Living Room and ALL Bedrooms for Comfort
- New Landscaping for Enhanced Curb Appeal
- New Cabinets, Bathrooms, and Stainless Appliances for Modern Living
- New Quartz Countertops for a Sleek Finish
**Investment Highlights:**
1. **High Demand Location**: Proximity to hospitals ensures a consistent pool of potential tenants, including healthcare professionals and staff.
2. **Turnkey Investment**: With permits closed and a comprehensive renovation nearing completion, investors can expect immediate rental income without the hassle of further improvements.
3. **Diverse Unit Mix**: Catering to various tenant preferences, including families, professionals, and individuals, maximizing occupancy rates and rental income potential.
4. **Quality Craftsmanship**: Renovation carried out with meticulous attention to detail and quality materials, ensuring durability and tenant satisfaction.
5. **Attractive Amenities**: Modern amenities such as ceiling fans, stainless appliances, and quartz countertops offer tenants a comfortable and stylish living experience.
6. **Strong Rental Market**: [Location] boasts a robust rental market, offering stability and potential for long-term capital appreciation.
**Investment Strategy:**
- **Immediate Income Generation**: Start earning rental income as soon as the Certificate of Occupancy is issued, maximizing return on investment.
- **Long-Term Appreciation**: Capitalize on the property's potential for appreciation in value, driven by its prime location and high-quality renovations.
- **Tenant Retention**: Provide exceptional living standards to attract and retain quality tenants, ensuring consistent cash flow and minimal vacancy rates.
Don't miss out on this exceptional opportunity to invest in a newly renovated property with immense income potential.
6688201
MLSⓇ ID
April 7, 2024
Listed
May 9, 2024
Updated
Map
2222 E GARFIELD Street
Phoenix AZ, 85006
Interior Features
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Individual, Heat Pump, Electric, Ceiling Fan(s)
Heating
Yes
Heating Description
Individual, Heat Pump
Exterior/Building Features
Roof
Composition
Sewer
Public Sewer
School Information
School District
Creighton Elementary District
Elementary School
Creighton Elementary School
Other Property Details
Taxes
$931
Tax Frequency
Annually
Days on Market
31
Garage
No
Parking
Paved Parking, Free, 1 Space Per Unit
Parking Total
6
View
No
County
Maricopa
Water Source
City Franchise, Master Meter
Pool
No
Zoning
R-4
Buyer Agency Compensation
3%
Courtesy of Gerchick Real Estate, Linda S Gerchick
Listing Contact: 602-688-9279
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jen Sheedy shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 1:15 AM UTC, 5/9/2024.