Property Listing No Longer Available for Sale

536 East Portland Street, Phoenix, AZ

Multi-family for Sale - $3,600,000 - 189,827 Sq. Ft. on 0.52 acres


Property Info

CIMLS#911182
Location
  536 East Portland Street
  Phoenix AZ 85004
UpdatedNovember 11th, 2017
TypeMulti-family
Price$3,600,000
Building189,827 Sq. Ft.
Land0.52 acres

Property Description

LEX on Portland, is a RE-DEVELOPMENT OPPORTUNITY located at the corner of 7th Street and Portland within the Artisan Arts District of downtown Phoenix. Designed by Humphrey’s and Partners Architects LEX on Portland is a highly efficient and modern 101 unit Luxury Complex with all the amenities (see financials labeled “New Construction Stabilized”). There is an existing 32 Unit complex on the site called Lexington Apartments (see financials labeled “Current 32 Unit Property”). When you live at LEX on Portland, you’re in the heart of downtown Phoenix, so you’ll enjoy urban living at its finest. Take a walk to various eateries including Carly’s Bistro, Bliss reBAR, Scratch, Songbird Coffee & Tea House and many more. Art is all around you when you live at LEX on Portland. We’re located on the strip of the largest art walk in the state of Arizona and within walking distance of the Heard Museum for Native American Art and History as well as the Phoenix Art Museum. Want to get away for the day? Catch the Light Rail, located just 3 blocks from our community, and head to Mill Avenue in Tempe where you’ll discover more restaurants, entertainment venues, shops, boutiques and art studios. Choose from a one, two, or three bedroom urban dwelling and enjoy luxurious finishes and amenities. Relieve some stress at the 24-hour modern fitness center or cool off and enjoy the views in the resort style rooftop swimming pool. Hang out with friends at the outdoor grilling area or in the game room. Conveniently located to the well acclaimed schools and academic facilities in the city. LEX on Portland offers everything you want and need!

Location Description:

The heart of the Phoenix metro area, Downtown Phoenix brims with energy. As a major commercial center, the neighborhood houses many of the tallest buildings in the city, making it an ideal spot for urban professionals looking for a short commute. Residents never need to go far to find fun — Downtown Phoenix houses some of Arizona's most important cultural institutions, entertainment centers and professional sports teams. Located in the south central section of the Phoenix valley, Downtown Phoenix lies within an easy drive of Mesa, Tempe and the South Mountains. When you're ready to get out of town, the Phoenix Sky Harbor International Airport lies a short light rail ride away.

Highlights:

>> Rooftop Pool and Amenities

>> Balcony Access

>> Club Quality Fitness Center

>> Fire Pits

>> Floor to ceiling windows & balcony access

>> High end window shades in all units

>> Open, light, and sophisticated space

>> Poolside TVs and Hi Speed Wi-Fi Access

>> Upgraded Appliances

>> Stone Counters and High End Finishes

>> Upgraded Appliance Package

>> Walking Distance to the Light Rail

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Financials