26th Place
10 Unit Apartment Building | $2,100,000 ($210,000/Unit) | Phoenix, AZ 85008
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,100,000
- Property Type
-
Multifamily
- Square Feet
- 7,609 SF
Listing Contacts
Paul Bay
Verified Profile
Darrell Moffitt
Verified Profile
Adam Saylor
Verified Profile
- Property Info
Property Overview
Advantageously positioned in an ideal centralized location, 26th Place (“the property”) is a 10-unit apartment community located along 26th Place north of McDowell Road in the highly coveted Arcadia Lite submarket of Central Phoenix. Less than a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51, 26th Place is incredibly positioned, offering outstanding mobility throughout Phoenix Metro. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.
Developed in 1960, 26th Place is comprised of a diverse unit mix with studios (1), one-bedroom (3), two-bedroom (1), three-bedroom casitas (4), and four-bedroom (1) floor plans, offering an average of 814 square feet. Most of the units include private back patios and five units include individual washer/dryer hook ups, either in-suite or on patio. Future ownership will have the opportunity to renovate the remaining 3 classic units and equip 5 units with washer/dryer to capitalize on interior renovation premiums already proven at the property and surrounding area.
Developed in 1960, 26th Place is comprised of a diverse unit mix with studios (1), one-bedroom (3), two-bedroom (1), three-bedroom casitas (4), and four-bedroom (1) floor plans, offering an average of 814 square feet. Most of the units include private back patios and five units include individual washer/dryer hook ups, either in-suite or on patio. Future ownership will have the opportunity to renovate the remaining 3 classic units and equip 5 units with washer/dryer to capitalize on interior renovation premiums already proven at the property and surrounding area.
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 1
- Lot Size (sq. ft)
- 29,621 SF
- Units
- 10
Highlights
- Less than a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51
- Single Story, Value-Add Multifamily Community with Desirable Unit Mix
- Located in Rapidly Improving Central Phoenix Submarket
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