2222 E Garfield Street, Phoenix, AZ 85006 | MLS 6688201 | Listing Information | Vylla Home
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FOR SALE
$1,395,000

2222 E Garfield Street
Phoenix, AZ 85006

Multi-Family
Residential
N/A
Acre Lot
Courtesy: Gerchick Real Estate
Vylla Home> Arizona> Phoenix> 85006
Total Gut and RemodelUnit Mix one 3 bedroom 2 bath, two 2 bedroom 1 bath and one 1 bedroom one bathNew PlumbingNew ElectricNew FlooringNew Roof and JoistsNew Air ConditioningNew Exterior Stucco and Modern PaintNew Concrete Walk WaysNew ParkingNew Dual Pane WindowsNew Interior and Exterior DoorsNew Ceiling fans in Living Room and ALL BedroomsNew LandscapingNew CabinetsNew BathroomsNew Stainless AppliancesNew Quartz CountertopsThe Certificate of Occupancy should be delivered around the end of May. All permits will be closed at COE.Buyer should read the additional information here. Buyer to verify all facts and figures. < **Investment Opportunity: Prime Real Estate with High Potential**Introducing a lucrative investment opportunity in the heart of Garfield District, presenting a meticulously renovated 4-unit property poised to deliver exceptional returns. Situated in a highly sought-after area, this property is strategically positioned near hospitals, ensuring a steady flow of potential tenants seeking convenient accommodation. With a Certificate of Occupancy expected by the end of May, this property shows an rental income upon acquisition.**Property Overview:**- **Unit Mix**: - 1 x 3 Bedroom, 2 Bath - 2 x 2 Bedroom, 1 Bath - 1 x 1 Bedroom, 1 Bath- **Complete Renovation**: Total gut and remodel, ensuring a modern and attractive living space.- **Key Improvements**: - New Plumbing, Electric, and Roof with Reinforced Joists - New Flooring, Air Conditioning, and Exterior Stucco - New Concrete Walkways and Parking Spaces for Tenant Convenience - New Dual Pane Windows and Exterior Doors for Energy Efficiency and Security - New Ceiling Fans in Living Room and ALL Bedrooms for Comfort - New Landscaping for Enhanced Curb Appeal - New Cabinets, Bathrooms, and Stainless Appliances for Modern Living - New Quartz Countertops for a Sleek Finish**Investment Highlights:**1. **High Demand Location**: Proximity to hospitals ensures a consistent pool of potential tenants, including healthcare professionals and staff.2. **Turnkey Investment**: With permits closed and a comprehensive renovation nearing completion, investors can expect immediate rental income without the hassle of further improvements.3. **Diverse Unit Mix**: Catering to various tenant preferences, including families, professionals, and individuals, maximizing occupancy rates and rental income potential.4. **Quality Craftsmanship**: Renovation carried out with meticulous attention to detail and quality materials, ensuring durability and tenant satisfaction.5. **Attractive Amenities**: Modern amenities such as ceiling fans, stainless appliances, and quartz countertops offer tenants a comfortable and stylish living experience.6. **Strong Rental Market**: [Location] boasts a robust rental market, offering stability and potential for long-term capital appreciation.**Investment Strategy:**- **Immediate Income Generation**: Start earning rental income as soon as the Certificate of Occupancy is issued, maximizing return on investment.- **Long-Term Appreciation**: Capitalize on the property's potential for appreciation in value, driven by its prime location and high-quality renovations.- **Tenant Retention**: Provide exceptional living standards to attract and retain quality tenants, ensuring consistent cash flow and minimal vacancy rates.Don't miss out on this exceptional opportunity to invest in a newly renovated property with immense income potential.
6688201
Residential - Multi-Family, Other
1958
Maricopa
Block,Stone
Public Sewer
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Data Provided by ATTOM Data Solutions
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Data Provided by ATTOM Data Solutions
Courtesy: Gerchick Real Estate

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