Cap Rate
5.81%
Price Per SF
$250
Price Per Unit
$150,000
Units
24
Year Built
1985
Occupancy
95%
Leasable Area
14,364 SF
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- 24 Units Built in 1985 / Updated 2022-2023
- Unit Mix: (12) 2+1, (12) 1+1
- 19% Market Rent Potential Upside
- Updates Include: New Security Gate, Renovated Laundry Room, New Parking Lot, Replaced HVAC units
- 2 Units Renovated with W/D
- Further Upside Through Subsidized Housing
- North Mountain Submarket
Broker of Record
- Simon Assaf
- License No. CO701910000 (AZ)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251