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Signature 18, a fully occupied gated complex in Phoenix, offers a stellar investment with a 6.15% cap rate and a net operating income of $354,339. Located near Abrazo Hospital, Christown Spectrum Mall, and transit, it blends city access with quiet living. Recent capital improvements have boosted aesthetics, efficiency, and security, including desert landscaping to cut water costs, repaved parking, and refreshed exteriors. Security upgrades feature LED motion lights and cameras, alongside modern gate locks. Units are enhanced with stainless steel appliances and new roof sealing, plus a swimming pool pump upgrade. A new dog run adds to the community vibe. This turn-key property ensures immediate income and potential for appreciation, making it an outstanding choice for Phoenix investors.
Property Type(s):
Multi Family
| Last Updated | 8/20/2024 | Tract | PARK MARYLAND AMD |
|---|---|---|---|
| Year Built | 1961 | Community | PARK MARYLAND AMD |
| County | Maricopa |
Price History
| Prior to Aug 20, '24 | $5,760,000 |
|---|---|
| Aug 20, '24 - Today | $5,400,000 |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Microwave, Washer/Dryer |
| CONSTRUCTION | Block, Brick Veneer, Stone, Stucco |
| HEAT | Electric |
| LOT DIMENSIONS | 130' x 215' |
| SEWER | Public Sewer |
| SUBDIVISION | PARK MARYLAND AMD |
| TAXES | 7188 |
| ZONING | R-4 |
Location
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Listed with HomeSmart
The ARMLS logo indicates a property listed by a real estate brokerage other than Joe Szabo RE/MAX Fine Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 12/18/24 8:20 AM PST.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 12/18/24 8:20 AM PST.
This IDX solution is (c) Diverse Solutions 2024.
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