Properties
Phoenix, AZ 85006 2242 E TAYLOR Street
$785,000
10 more
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Home Details
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Interior Features for 2242 E TAYLOR Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Vinyl
Heating Y/NYes
General for 2242 E TAYLOR Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.15
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCentral Air, 2 or More Units
CountyMaricopa
DisclosuresNone
ElectricAPS, Individual Meter
Elementary SchoolWilson Elementary School
Elementary School DistrictWilson Elementary District
Garage Y/NNo
Gross Income72840.0
HeatingElectric
High SchoolNorth High School
High School DistrictPhoenix Union High School District
Insurance Expense1500.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense2500.0
Middle/Junior High SchoolWilson Elementary School
MobileHomeRemainsYNNo
Net Operating Income56147.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total5
Occupancy TypeVacant
Open Parking Spaces10.0
Operating Expense15443.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameAVIATION HOMESITES
Tax Annual Amount1093.0
Tax Lot37
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense3480.0
Year Built1944
ZoningR-4
Exterior for 2242 E TAYLOR Street
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions56.18 X 166.39 X 57.45
Number of Buildings1
Parking FeaturesPaved, Free, <1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking10.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
North High School
Middle School
Wilson Elementary School
