2122-2124 W Augusta Avenue, Phoenix, AZ 85021
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
Listed by:linda s gerchick
Office:gerchick real estate
MLS#:6852653
Source:ARMLS
Price summary
- Price:$1,800,000
About this home
Investment Opportunity: Fully Occupied Multifamily Property
Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021
Price: $1,990,000
Property Overview:
Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.
Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.
Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.
List of Recent Capital Improvements:
HVAC Upgrades:
Installed 1 ton mini-split AC in studio
Replaced all AC vents and returns in all units (27 vents, See Additional Information Investment Opportunity: Fully Occupied Multifamily Property
Address: 2122-2124 W Augusta Ave, Phoenix, AZ 85021
Price: $1,990,000
Property Overview:
Two Parcels - This investment opportunity consists of two fully occupied parcels, providing stable income with minimal vacancy risk.
Fully Occupied - All units are currently rented, ensuring consistent rental income from day one.
Residential Loan Flexibility - These properties can be purchased using two residential loans, offering potential for favorable financing options for investors.
List of Recent Capital Improvements:
HVAC Upgrades:
Installed 1 ton mini-split AC in studio
Replaced all AC vents and returns in all units (27 vents, 7 returns)
Appliances:
Upgraded to new stainless steel appliances in all units, including fridges, ranges, microwaves, and dishwashers (note: ice makers on backorder)
Bathroom Renovations:
Installed new toilets, faucets, shower valves, water lines, and P-traps
Upgraded bathroom hardware including towel holders, toilet paper holders, and hand towel holders
Installed new tubs and bathroom exhaust vents
Kitchen and Bathroom Finishes:
Fitted new 40" vanities in bathrooms with quartz countertops
Installed subway tile backsplash in kitchens with 3/8" stainless steel trim
Interior and Exterior Painting:
Freshly painted both buildings with unknown colors (exterior)
Interior walls painted with ceiling white; baseboards and door trim in semi-gloss white
Electrical and Plumbing Enhancements:
Upgraded electrical panels in Building #1
Installed new outlets, switches, and light fixtures throughout units
Replaced plumbing systems as per new kitchen and bathroom designs
Flooring and Interior Upgrades:
Installed porcelain wood-like tile flooring throughout all units
Replaced interior doors with pre-hung doors and stainless steel handles
Exterior Enhancements:
Landscaped with three-quarter-inch gravel and artificial grass
Added pavers, irrigation system with timer, and 14 new Vankas plants
Built barn-style wooden fence and replaced fence panels with gates
Roofing and Siding Improvements:
Replaced roofing on both buildings with new shingles, underlayment, and flashing
Installed energy-efficient windows and replaced siding on Building #1
Additional Features:
Installed new exterior doors with locks and mailbox stucco finished for all units
Termite treatment completed with pest control measures
Investment Highlights:
Fully Occupied: Stable rental income from all units.
Recent Renovations: Extensive upgrades ensure minimal maintenance and attractive living spaces.
Prime Location: Close proximity to amenities, schools, and transportation hubs.
Residential Loan Purchase: Potential for financing using two residential loans, providing advantageous terms for investors.
Potential for Increased Value: With recent upgrades and tenant satisfaction, there's room for potential rent increases.
Price: $1,990,000
Disclaimer: Buyer to verify all facts and figures.
Contact an agent
Home facts
- Year built:1947
- Listing ID #:6852653
- Updated:September 27, 2025 at 02:58 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
- Heating:Heat Pump, Individual Heating
Structure and exterior
- Year built:1947
Utilities
- Water:City Franchise, Master Meter
Finances and disclosures
- Price:$1,800,000
- Tax amount:$2,016 (2024)
New listings near 2122-2124 W Augusta Avenue
- New
$720,000Active4 beds 2 baths1,987 sq. ft.344 W Thunderbird Road, Phoenix, AZ 85023
MLS# 6925649Listed by: REALTY ONE GROUP - New
$440,000Active4 beds 3 baths1,912 sq. ft.9621 W Agora Lane, Tolleson, AZ 85353
MLS# 6925658Listed by: HOMESMART - New
$899,711Active4 beds 3 baths3,100 sq. ft.5501 E Calle Del Sol --, Cave Creek, AZ 85331
MLS# 6925618Listed by: HOMESMART - New
$1,500,000Active6 beds 5 baths4,983 sq. ft.4728 W Saguaro Park Lane, Glendale, AZ 85310
MLS# 6925629Listed by: RE/MAX DESERT SHOWCASE - New
$426,000Active3 beds 2 baths1,211 sq. ft.16732 S 22nd Street, Phoenix, AZ 85048
MLS# 6925616Listed by: EXP REALTY - Open Sun, 1 to 3pmNew
$899,900Active3 beds 3 baths2,614 sq. ft.14402 N Coral Gables Drive, Phoenix, AZ 85023
MLS# 6925617Listed by: OMNI HOMES INTERNATIONAL - New
$150,000Active3 beds 1 baths972 sq. ft.5438 W Lynwood Street, Phoenix, AZ 85043
MLS# 6925595Listed by: HOMESMART - New
$389,990Active3 beds 2 baths1,805 sq. ft.4645 N Guadal Drive, Phoenix, AZ 85037
MLS# 6925602Listed by: PRESTIGE REALTY - New
$499,999Active2 beds 3 baths1,338 sq. ft.914 E Osborn Road #417, Phoenix, AZ 85014
MLS# 6925573Listed by: EXP REALTY - New
$649,500Active3 beds 2 baths1,752 sq. ft.3911 E Topeka Drive, Phoenix, AZ 85050
MLS# 6925576Listed by: BERKSHIRE HATHAWAY HOMESERVICES ARIZONA PROPERTIES
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.