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$5,000,000
1725 E Cambridge Ave, Phoenix, AZ 85006
0 Beds
0 Baths
n/a SqFt

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Prodigy is a 16-unit apartment community located at Thomas Road and 16th street, less than half a mile from State Route 51 (SR 51). Beyond its envious positioning quarter of a mile from Phoenix Children's Hospital and its +/-318,818 employees, this Central Phoenix location is engulfed by well-established, thriving employment corridors within a three-mile commute. Both the Biltmore | Camelback and the Innovation Employment Corridors provide effortless access to top-tier employers such as IBM, Deloitte, Cisco, and Morgan Stanley. Prodigy is entirely two-bedroom units, each 800 square feet. Future ownership will have immediate cash-flow, while having the opportunity to capitalize on current below-market rents as lease turnover leads to each unit becoming marked-to-market.
  • Price:
  • $5,000,000
  • Year Built:
  • 1987
  • Listing ID #:
  • 6387818
  • Street Address:
  • 1725 E Cambridge Ave
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85006
  • County:
  • Maricopa
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
School District: 210 - Phoenix Union High School District
  • Construction Description:
  • Frame - Wood
  • Flooring:
  • Ceramic Tile
  • Number Of Units:
  • 16.00
  • Siding:
  • Stucco
  • Type Of Roof:
  • Comp Shingle
  • Year Built:
  • 1987
  • Adjusted Gross Income:
  • 276360.70
  • Annual Electric Expenses:
  • 14237.00
  • Annual Insurance Expenses:
  • 4000.00
  • Annual Landscape Expenses:
  • 2635.00
  • Annual Legal & Accounting Expenses:
  • 3200.00
  • Annual Maintenance Expenses:
  • 9200.00
  • Annual Management Expenses:
  • 13215.00
  • Net Operating Income:
  • 208084.00
  • Operating Expense:
  • 68332.00
  • Conforms To Zoning:
  • R-3
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • 1031 Exchange, Conventional, No Carry
  • Owner Pays:
  • Landscaping, Sewer, Trash Collection, Water
  • Property Taxes:
  • $8,645
  • Tenant Pays:
  • Electric
  • Covered Parking Spaces:
  • 15.00
  • Parking Description:
  • >1 Space Per Unit
  • Parking Spaces:
  • 25.00
  • Appliances:
  • Bi Oven/Range, Refrigerator
  • Cooling System:
  • Window/Wall Unit
  • Electricity:
  • Srp
  • Existing Water:
  • Master Meter
  • Gas:
  • Sw Gas
  • Heating:
  • Wall Furnace
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Marcus & Millichap
  • ARMLS

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