2916 E Monroe St

• ±3.3 Mi to DTPHX | ±3.3 Mi to Sky Harbor | Renovation Potential
• 100% Occupied
• 9 Total Units
• ±4,309 Total Rentable SF
• The asset offers stable current cash flow with upside potential through interior and exterior renovations.
• Current ownership has already completed a full sewer line replacement, mitigating a major capital expense.
• Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
• The property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF.
• 7.88% Current Cap Rate
• $111,000 Price Per Unit