MetroParc is a single story, 12 unit apartment complex located on the light rail in Central Phoenix. The building was built in 1960 and is composed of solid block construction with pitched roofs. The newly renovated units offer great potential for rent increases to be implemented.

Location Description:

MetroParc is situated on the Northeast corner of Jefferson Street and 14th Street. The subject property is located right along the light rail line, only a quarter of a mile from the nearest station. Light rail has brought gentrification to the area, which has lead to improvements in the the overall quality of the properties in the area. The City of Phoenix has placed high importance upon the light rail corridor, with plans to re-invest and redevelop the properties situated along the light rail. Due to the proximity of MetroParc to the light rail and the significant reinvestment and redevelopment in the area, the property