Willetta Apartments
28 Unit Apartment Building | $5,900,000 ($210,714/Unit) | Phoenix, AZ 85008
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,900,000
- Property Type
-
Multifamily
- Square Feet
- 20,377 SF
Listing Contacts
Paul Bay
Verified Profile
Darrell Moffitt
Verified Profile
Adam Saylor
Verified Profile
- Property Info
Property Overview
Ideally situated in the vibrant heart of Central Phoenix, Willetta (“the property’) benefits from a central location amidst the dynamic live, work, and play the area has to offer. Conveniently positioned along 35th Street and McDowell Road, the property boasts a remarkably brief commute to major employment hubs and ease of access to primary thoroughfares to reach any destinations across The Valley. In addition, Willetta Benefits from the short drive to Phoenix Sky Harbor International Airport, which currently supports ±1,200 daily arrivals and departures with an annual economic impact of ±$38 billion. The 44th Street Gateway Corridor and Phoenix Sky Harbor International Airport Area are both within a mere two and a half miles, while the Innovation Corridor along Central Avenue and the influential Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.
Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom (±61%) floorplans covering an average of ±728 square feet. Future ownership will have the opportunity to implement an interior renovation program to upgrade the remaining classic units and capitalize on the associated interior renovation premium already proven in the immediate area.
Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom (±61%) floorplans covering an average of ±728 square feet. Future ownership will have the opportunity to implement an interior renovation program to upgrade the remaining classic units and capitalize on the associated interior renovation premium already proven in the immediate area.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 2
- Lot Size (sq. ft)
- 40,511 SF
- Units
- 28
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