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2424 E Grandview Rd, Phoenix, AZ 85032
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2424 E Grandview Rd, Phoenix, AZ 85032
Sold for $1,350,000
2424 E Grandview Rd, Phoenix, AZ 85032
Sold for $1,350,000
2424 E Grandview Rd, Phoenix, AZ 85032
2424 E Grandview Rd, Phoenix, AZ 85032
2424 E Grandview Rd, Phoenix, AZ 85032
2424 E Grandview Rd, Phoenix, AZ 85032

2424 E Grandview Rd Phoenix, AZ 85032

$1,350,000

CLOSED
Beds
Baths
0
Sqft
Year
1984
Close Date
Jul 10, 2013
Property Type
Multiple Dwellings
Sub Type
Date Listed
May 28, 2013

Description of 2424 E Grandview Rd, Phoenix, AZ 85032

Listing details for 2424 E Grandview Rd, Phoenix, AZ 85032 : Grandview Terrace is a 36-unit apartment community located in North Phoenix. Located on East Grandview Road, west of the SR-51 Freeway, and east of Cave Creek Road, near Lookout Mountain, Paradise Valley Community College, Costco, Arizona Christian University, shopping, schools, and plenty of transportation options. Property is being sold ''As-Is.'' For the investor: This property offers the rare opportunity to acquire 80s vintage apartments (fully rehabbed in 2012). Projected gross potential rent of $234,000, less 12% vacancy of $28,080 per year, added income of $2,200, equals $208,120 adjusted gross income. After expenses of $101,176, the pro forma net operating income is $106,944. This is a 8.23% CAP RATE!
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Listing Updated : 04-30-2026 at 11:22 AM MST
Listing Provided By : Natan Jacobs, 602-281-6202, Vestis Group

Properties displayed may be listed or sold by various participants in the MLS

Source :

ARMLS, MLS#: 4943606

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Property History

DateEventPrice
7/10/2013
Sold
$1,350,000 +3.8%
Source:ARMLS #4943606
5/28/2013
Listed for sale
$1,300,000
Source:ARMLS #4943606

Location of 2424 E Grandview Rd, Phoenix, AZ 85032

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2424 E Grandview Rd, Phoenix, AZ 85032