SoldMar 31, 2022

Listed by Craig Young from REI Marketing

Bought with Dominique Owens from Keller Williams Realty - Tempe/Scottsdale

Source: Arizona Regional Multiple Listing Service #6355112

834 West Osborn Road, Phoenix, AZ, 85013

$1,335,000

6

MultiFam

27 days on the market

Sold: Mar 31, 2022

What's around 834 West Osborn Road

About this property

DWELL ON OSBORN is a 4-unit apartment community located just west of the 7th Avenue and Osborn Road intersection. Placed at the center of the booming Midtown Phoenix area, the surrounding area is comprised of robustemployment corridors, highly sought-after residential neighborhoods, and a plethora of popular dining and shopping opportunities. Within an extremely short commute is the Camelback + Innovation Employment Corridors, thrusting over  217,000 employees into the immediate economic environment. Throughout the adjacent neighborhoods hold some of the highest priced residential real estate in the state, such as the Arcadia, Biltmore, and Uptown neighborhoods, which are also dense with numerous entertainment and night-life opportunities. Developed in 1954, Dwell on Osborn is comprised of three two-bedroom units and a single one-bedroom unit, all together averaging 925 square feet per unit. Future ownership will have the opportunity to capitalize on significant lease renewals and trade-outs already proven out at the property (+14%), as well as an additional $225 premium obtainable by renovating the two remaining classic units.

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