4355 N 36th Pl, Phoenix, AZ 85018

This fourplex offers an amazing opportunity in one of the hottest submarkets in all of Phoenix. Located in the Arcadia area, this property sits in a quaint, quiet cul-de-sac of awesome mid-century buildings. It is within walking distance / a quick bike ride (slightly over a half mile) to the original locations of both La Grande Orange and Postino (two of Arcadia's most popular destinations). It is also a short bike ride to the original location of the Madison Improvement Club and other new trendy retail developments like Campbell Commons (Chop Shop, Provision Coffee Bar) and Arcadia Place (radi8 Hot Yoga, Arcadia Meat Market, Masterpiece Donuts and Coffee, etc.). Being a 10-minute car ride to the Biltmore Fashion Park in one direction and Old Town Scottsdale in the other, this pr sits in the hottest location in the nucleus of Phoenix, allowing residents to enjoy, with ease, so much of what the city has to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this is about as desirable an area as it comes for residents to live. This investment offering consists of a great unit mix of half 1 bedroom / 1 bath units and half 2 bedroom / 1 bath units. They are all individually metered for electricity. The buildings in this cul-de-sac exhibit amazing examples of the vintage, mid-century charm that is becoming more and more popular today. Three of the four units have been fully remodeled recently and many capital improvements have been done. There is a proven track record in the cul-de-sac for successfully leasing these units on a short term basis (Air BnB / VRBO). This model could be easily repeated in these units which could greatly increase their income. There are multiple other opportunities to add additional value to the investment through further renovations and rental increases. Additional units in the cul-de-sac are available as well. This is truly a unique offering in an incredible location where units do not come available often.