3231 W Madison Street Phoenix, AZ 85009

West Phoenix 4 unit with all 2 bedroom units (630 SF/unit). Value-add opportunity. Nothing else out there at this price for a 4 unit. Property will need some upgrading. Rents are $385/$405/$385/$385, well below market. Separate electric that is tenant paid. Cash or 1031 preferred. New construction projects going up nearby. Proforma CAP rate is very strong. No showings until escrow, please do not disturb tenants. Buyer to complete/rely on own due diligence.