2124 W AUGUSTA Avenue, Phoenix, AZ 85021

$855,000
Property Type: Multiple Dwellings Status: Active
Current Price: $855,000 Last Modified: 7/31/2025

Description

Fully Remodeled Triplex - Turnkey units with luxury upgrades and modern finishes throughout Combine for 7 Units - Buy adjacent 4-plex (2122 W Augusta) for a total of 7 income-producing units Residential Financing Eligible - Two parcels allow for conventional or DSCR loan options $500K+ in Capital Improvements - Major upgrades already completed—save time and money Strong Tenant Base - 100% leased with immediate cash flow and rental upside Energy Efficient Upgrades - Dual-pane windows, new hot water heaters, and updated doors High-End Interiors - Quartz countertops, stainless steel appliances, wood-like tile floors Private Outdoor Space - Smooth stucco exterior and rear unit backyards boost tenant appeal Bonus Storage Income - Two storage units onsite create additional revenue

Supplements: Own Your Piece of Phoenix: Fully Remodeled Triplex Multifamily Opportunity! Location, Luxury, and Investment Potential Await! Discover a rare opportunity to own a fully remodeled and leased triplex apartment building nestled in the vibrant heart of North Phoenix. This property (with 2122 W Augusta 4 PLEX available as well) spans two parcels, making it eligible for residential financinga unique advantage for savvy investors and homeowners alike. You could own a total of 7 units with 2 loans and 25% down. Also, available to use a DSCR Loan! Key Features: - Modern Interiors: Recently upgraded with fresh paint, wood-like tile flooring, and spacious living/dining areas. - Energy Efficiency:New dual pane windows, doors, and hot water heaters enhance comfort and reduce utility costs. - Gourmet Kitchens: Featuring ample cabinets, luxurious quartz countertops, and sparkling stainless steel appliances. - Comfortable Living: Bedrooms flooded with natural light, upgraded ceiling fans, and walk-in closets. - Upscale Bathrooms: Completely renovated to offer modern comfort and style. - Exterior Appeal: Even and smooth stucco finish, with private backyards for the rear units. - Additional Income Potential: Includes two onsite storage rooms, offering extra revenue streams. Prime Location: Located in North Phoenix, where historic charm meets trendy establishments. Enjoy proximity to renowned restaurants, shopping centers, and convenient access to major transportation routes. Investment Highlights: - Fully leased with immediate income generation. -Capital Expenses have been taken care of with over 500K in improvements - Ideal for residential financing, maximizing investment opportunities. - Potential for continued growth in a thriving rental market. Don't Miss Out! Seize this exceptional opportunity to own a meticulously remodeled 7-unit multifamily property in one of Phoenix's most sought-after neighborhoods. Whether you're looking to invest or searching for a stylish home with income potential, this property promises unmatched value. The price above is for the Triplex only. Act Now! Disclaimer: Buyer to verify all facts and figures. Investment and residential financing subject to lender approval. All information deemed reliable but not guaranteed.

More Information MLS# 6854236

Contract Info

Current Price: $855,000 List Price: $855,000 Status: Active List Date: 2025-04-19 Ownership: Fee Simple

Location Tax Legal

House Number: 2124 Compass: W Street Name: AUGUSTA St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 Zip4: 6821 County Code: Maricopa Subdivision: VISTA INCOME ESTATES 2 Assessor Number: 157-21-016-D Tax Year: 2024

General Property Description

Lot Size Dimensions: irr Year Built: 1947 Uncvrd Parking Spcs: 4 Total # of Units: 3 # of Buildings: 1 Zoning: [R-3] Multiple High School District: Glendale Union High School District

Remarks Misc

Cross Street: 23rd Ave and Northern Directions: Turn south from Northern. At Augusta turn east and property is on the north side of the street Geo Lat: 33.551665 Geo Lon: -112.105216

Legal Info

Township: 2N Range: 2E Section: 1 Lot Number: 16

Income Expenses

Gross Annual Sch Inc: 61200 Net Operating Income: 42353

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 1 Avg Rent: 1000 Avg SqFt: 256 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 6 Avg Rent: 1550 Avg SqFt: 580 # Baths: 1

Property Features

Project Type: Tri-Plex; Other (See Remarks) Construction: Block; Other Const - Finish: Painted; Stucco; Other (See Remarks) Roofing: Composition Floors: Ceramic Tile Sale Includes: Personal Property; Laundry Equipment Community Features: No Pool; Other; See Remarks Exterior Amenities: Landscape Wtr System; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Master Meter Gas: None Parking Features: On Street; 1 Space/Unit; Add'l Parking Avail; Free; Paved Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: Cable TV; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: July - 31 - 2025
2124 W AUGUSTA Avenue, Phoenix, AZ 85021- MLS# 6854236
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