Property Description

Four at Pierson | W Pierson Street | Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix.This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure.All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow... in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk.Investment Highlights:(3 out of the 4 units are extensively remodeled) FourplexFour 1BR / 1BA unitsStrong in-place rents: $1,467-$1,590 per unitSewer lines recently replacedPrime proximity to GCU, parks, retail, and major freewaysProfessionally managed (Home Inc)Seller Financing Opportunity:Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers.All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.

Property Features

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