1514 West Sherman Street, Phoenix, AZ, 85007

1514 West Sherman Street Phoenix, AZ 85007

Phoenix
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$315,000
Last Verified:
Oct 07, 2024

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Highlights

  • Two 1-bedroom/1-bathroom units, One 2-bedroom/1-bathroom SFH
  • Just South of Downtown Phoenix
  • Value Add Opportunity

Description

Located near Downtown Phoenix, 1514 W Sherman St presents a prime value-add opportunity for investors. This multifamily property includes a total of three units: a front duplex with two 1-bedroom, 1-bathroom units, and a single-family residence at the rear featuring a 2-bedroom, 1-bathroom layout.The property is conveniently situated near Phoenix Memorial Hospital and is just under two miles from the heart of Downtown Phoenix.

1514 W Sherman St

Building Size: 840sq ft
Lot Size: 0.16 acres

Map of 1514 West Sherman Street, Phoenix, AZ, 85007

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.