525 N 32ND Street

Phoenix, AZ 85008

Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access. This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential. Property Details: Studios: Currently rented at $750-$850 (Market: $950). One-Bedroom Units: Currently at $850 to $950). Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500). Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access. This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential. Property Details: Studios: Currently rented at $750-$850 (Market: $950). One-Bedroom Units: Currently at $850 (Market: $950). Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500). Investment Highlights:  Below-Market Rents - Strong upside potential to increase rental income.  Redevelopment Potential - Opportunity to add more units or reposition the property.  Prime Location - Close to major transit, entertainment, and employment hubs. All facts and figures are approximate. Buyer to verify all MLS information.

Listing courtesy of Grace CRE.



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Last checked: 2025-04-04 01:30 AM UTC