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2222 E Garfield St
Phoenix, AZ 85006

$1,395,000 USD

Apartments For Sale • 3,000 SF

Property Details

Property Type Apartments
Total Building Size 3,000 SF
Lot Size 0.3 AC
Building Class C
Year Built 1958
Zoning R-4

50 Transit Score

47 Walk Score

                
                    Highlights
                
                                - **High Cap Rate of Over 7.5%**: Offers an excellent income-generating opportunity with a strong cap rate, ensuring robust cash flow for investors.
                            
                                - **Triple Net Lease (NNN)**: A true hands-off investment with a single tenant covering 100% of expenses, including maintenance, taxes, and insurance,
                            
                                - **Fully Renovated Property**: Every unit has been gutted and remodeled with top-tier finishes, including new plumbing, electrical, roofing, air cond
                            
                                - **Turnkey Investment**: Ready to generate immediate rental income with no need for additional renovations or improvements.
                            
                                - **Hassle-Free Income**: The NNN lease structure guarantees predictable income with no additional financial burdens, making this an ideal passive inv
                            
                                - **Diverse Unit Mix**: Consisting of 1-, 2-, and 3-bedroom units, this property caters to a wide range of tenant preferences, maximizing occupancy ra

Property Flyers

2222 E Garfield-Offering Memorandum

2222 E Garfield-NON MLS-One Page Marketing Flyer

Amenities

Air Conditioning
Courtyard
Microwave
Ceiling Fans
Stainless Steel Appliances
Walk-In Closets

Public Transportation

Transit/Subway	Drive	Walk	Distance
24Th St/Washington (METRO Light Rail - Valley Metro (Phoenix Light Rail))	3 min	17 min	0.9 mi
24Th St/Jefferson (METRO Light Rail - Valley Metro (Phoenix Light Rail))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	10 min	-	4.0 mi
Phoenix-Mesa Gateway	42 min	-	31.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Linda Gerchick 602-688-9279 Gerchick Real Estate

2222 E Garfield St Phoenix, AZ 85006