2222 E Garfield St

01-19-2022
06-13-2022

2222 E Garfield St, Phoenix, AZ 85006

Total Gut and Remodel

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
New Stackable Washer and Dryers
So Much More to see-schedule a tour today.

Property Description

One of the MOST spectacular 4 plexes to come to the Phoenix Market. Located in the Garfield District. Not a stone that was not turned. One-three bedroom unit w/island. All units have washer-dryers. So many complete upgrades! Look at the photos-construction just finished-now in lease up mode. Buyer to verify all facts and figures

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
3 BR / 2 BA 1 1,330 $ 2,600
2 BR / 1 BA 1 630 $ 1,600
1 BR / 1 BA 2 494 $ 1,450

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 1,295,000
No. of Units
4
Cap Rate
7.71%
Year Built
1947
Year Renovated
2022
Building Size
3,069 Sq ft
Lot Size
6,764 Sq ft
No. of Stories
1
APN
116-03-014
Zoning Code
R-4
No. of Parking Spots
7
Opportunity Zone
Off
Buy Side Fee
3%
Price per unit
$ 323,750

Financial Details

Income/Expense Info
Pro Forma
Financial Year
2022
Gross Income
$ 118,800
Effective Gross Income
$ 115,236
Operating Expenses
$ 15,371
Net Operating Income
$ 99,865
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33.45798, -112.033595

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