Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Bryan Schiessl
  • Real Estate Agent
  • Fort Lauderdale, FL
0
Votes |
2
Posts

Phoenix Arizona Market

Bryan Schiessl
  • Real Estate Agent
  • Fort Lauderdale, FL
Posted

Hello,

I am looking to invest in a multifamily 2-4 units in Phoenix with one to live in- can someone direct me to areas that are upcoming and some guidance on PHX market as a whole . 

Thank you in advance

Most Popular Reply

User Stats

232
Posts
348
Votes
Art Perkitny
  • Specialist
  • Cleveland, OH
348
Votes |
232
Posts
Art Perkitny
  • Specialist
  • Cleveland, OH
Replied

@Bryan Schiessl I think I may be able to help here. 

The following is a map that shows the concentrations of 2-4 unit multifamily buildings in various areas within the Phoenix market. The data comes from the most recent American Community Survey. There are an estimated 57,983 2-4 unit structure in the Phoenix Area. 

link to high res: https://www.dropbox.com/s/vtjem3l039cm0iw/Phoenix_...

As @Pamela Sandberg stated, these kinds of properties typically are situated in riskier areas and the data backs that claim up. 

This chart shows the average percentage of structures that are 2-4 unit buildings, tabulated by the areas risk score (A to F)

The correlation is strong for sure. That being said, there are areas with 2-4 unit buildings that are C or higher grade. 

The last map show the risk score for the Phoenix market, which if you don't know what that means, you should read this:

https://www.biggerpockets.com/blog/2015/12/09/class-a-b-c-d-real-estate/

Hope this helps! 

Loading replies...