Property Listing No Longer Available for Sale

2939 N 36th St, Phoenix, AZ

Multi-family for Sale - $2,595,000 - 16,788 Sq. Ft. on 0.81 acres


Property Info

CIMLS#948459
Location
  2939 N 36th St
  Phoenix AZ 85018
UpdatedOctober 23rd, 2017
TypeMulti-family
Price$2,595,000
Building16,788 Sq. Ft.
Land0.81 acres

Property Description

*New Asking Price* The Avanti is a 30 unit apartment community located in a highly desired region of East Phoenix. The complex is located on 36th Street just south of Osborn near the Southwest end of the Arcadia. 36th Street and the surrounding area is experiencing a resurgence with new development, infill projects, and renovations, and new retailers.

The Avanti is well built, and functional. Each unit is individually metered. There is No chiller system (like other complexes nearby). 70% of the apartment units have newer HVAC systems installed within the last 5 years. The building is block construction with stucco and paint finishes. It is also built with concrete flooring between the two levels providing less maintenance, no creaking floors, and a better sound barrier for happier tenants. Building has copper plumbing and the roof is in good condition. Every unit has a garbage disposal, dishwasher, and stove. The top floor units have vaulted ceilings. Rents are under market with great upside potential.

Location Description:

36th Street and Osborn: South on Osborn to property on the east side of the road.

Highlights:

>> Individually metered for electricity AND HVAC.

>> New HVAC systems in 70% of the units

>> No chiller system

>> Copper plumbing

>> Block construction

>> Concrete floors on second level

>> Rents under Market

>> Located Southwest end of Arcadia

>> Close to valley hot spots, and major retailers

* Email for additional photos


Financials