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$ 1,350,000
$ 1,599,000 15.6%
$ 1,350,000
$ 1,599,000 15.6%
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Monmouth Park Lots 13-24
MLS Listing ID 6757832
Sold Date 08/06/25
Year Built 1964
Annual Tax Amount $2,070
Tax Year 2023
Lot Dimensions Normal
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
McKinley apartments is a 10-unit multifamily opportunity located in the East Side Submarket of Phoenix, Arizona. Originally built in 1964 and updated under current and prior ownership, this asset is strategically positioned near the Phoenix Sky Harbor International Airport. Supporting this location are several economic drivers including education, leisure and hospitality, and financial services. The roof is in like-new condition, the entire exterior has been refinished, and interiors have received updates to accommodate the current tenant base.
Additionally, the property has a strong rapport with HOM Inc, providing strong rents and hands-off marketing.
Location
State AZ
County Maricopa
Community Monmouth Park Lots 13-24
Area Maricopa
Zoning R-4
Interior
Heating Window/Wall Unit(s), Electric
Cooling Ceiling Fan(s), Window/Wall Unit
Flooring Ceramic Tile
Appliance Free-Standing Range, Refrigerator, Microwave
Exterior
Parking Features Paved, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-03-090-G
Acceptable Financing Conventional, 1031 Exchange
Disclosures None
Listing Terms Conventional, 1031 Exchange
Financing Exchange
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Bought with Orion Investment Real Estate