2122-2124 W Augusta Avenue

Phoenix, AZ 85021

Investment Opportunity: Fully Occupied Multifamily Property Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021 Price: $1,990,000 Property Overview: Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk. Fully Occupied - All units are currently rented, ensuring consistent rental income from day one. Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors. List of Recent Capital Improvements: HVAC Upgrades: Installed 1 ton mini-split AC in studio Replaced all AC vents and returns in all units (27 vents, See Additional Information Investment Opportunity: Fully Occupied Multifamily Property Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021 Price: $1,990,000 Property Overview: Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk. Fully Occupied - All units are currently rented, ensuring consistent rental income from day one. Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors. List of Recent Capital Improvements: HVAC Upgrades: Installed 1 ton mini-split AC in studio Replaced all AC vents and returns in all units (27 vents, 7 returns) Appliances: Upgraded to new stainless steel appliances in all units, including fridges, ranges, microwaves, and dishwashers (note: ice makers on backorder) Bathroom Renovations: Installed new toilets, faucets, shower valves, water lines, and P-traps Upgraded bathroom hardware including towel holders, toilet paper holders, and hand towel holders Installed new tubs and bathroom exhaust vents Kitchen and Bathroom Finishes: Fitted new 40" vanities in bathrooms with quartz countertops Installed subway tile backsplash in kitchens with 3/8" stainless steel trim Interior and Exterior Painting: Freshly painted both buildings with unknown colors (exterior) Interior walls painted with ceiling white; baseboards and door trim in semi-gloss white Electrical and Plumbing Enhancements: Upgraded electrical panels in Building #1 Installed new outlets, switches, and light fixtures throughout units Replaced plumbing systems as per new kitchen and bathroom designs Flooring and Interior Upgrades: Installed porcelain wood-like tile flooring throughout all units Replaced interior doors with pre-hung doors and stainless steel handles Exterior Enhancements: Landscaped with three-quarter-inch gravel and artificial grass Added pavers, irrigation system with timer, and 14 new Vankas plants Built barn-style wooden fence and replaced fence panels with gates Roofing and Siding Improvements: Replaced roofing on both buildings with new shingles, underlayment, and flashing Installed energy-efficient windows and replaced siding on Building #1 Additional Features: Installed new exterior doors with locks and mailbox stucco finished for all units Termite treatment completed with pest control measures Investment Highlights: Fully Occupied: Stable rental income from all units. Recent Renovations: Extensive upgrades ensure minimal maintenance and attractive living spaces. Prime Location: Close proximity to amenities, schools, and transportation hubs. Residential Loan Purchase: Potential for financing using two residential loans, providing advantageous terms for investors. Potential for Increased Value: With recent upgrades and tenant satisfaction, there's room for potential rent increases. Price: $1,990,000 Disclaimer: Buyer to verify all facts and figures.

Listing courtesy of Gerchick Real Estate.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2025-04-20 10:16 PM UTC