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1747 E Virginia Ave, Phoenix, AZ, 85006

1747 E Virginia Ave

$950,000

Key Information

Cap Rate
5.9%
$ per SF
$344
Tot. SF
2,760
Units
4
Year Built
1971
Type
Apartments
Occupancy
100%
NOI
$45,990

Highlights

• 4-Unit Multifamily Investment | Built in 1971 – Well-maintained small multifamily asset featuring four total residential units, offering an attractive scale for both seasoned and first-time investors.
• Desirable Unit Mix: Four (4) 2 Bedroom / 1 Bathroom Units – A highly marketable configuration that appeals to a broad tenant base, supporting stable occupancy and consistent rental demand.
• Average Unit Size of 690 Square Feet – Efficiently designed floor plans that maximize livability while maintaining strong rent-to-size ratios.
• Extensively Renovated Interior & Exterior – Property has undergone substantial upgrades, enhancing curb appeal and interior finishes while reducing near-term capital expenditure requirements.
• In-Unit Washer & Dryer in All Units – A premium amenity that improves tenant convenience, supports higher rents, and reduces turnover.
• Strategic Location Near Phoenix Children’s Hospital – Close proximity to a major medical employment hub, providing a steady pool of healthcare professionals and support staff.
• Compelling Mid-Term Rental Opportunity – Ideal for furnished or flexible-term leasing to traveling nurses, medical professionals, and corporate tenants, offering potential for enhanced cash flow.

Photos

Location

Agents

Broker of Record

Milton Braasch II

License # BR704344000, LC723965000 (AZ)
Matthews of Arizona, LLC
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251