Casa Monte Vista is a 45-unit garden-style apartment community located in the South Mountain submarket of Phoenix, AZ. Built in 1985, the property is made of wood frame and stucco construction with pitched composition shingle roofs, and is individually metered for electricity. The unit mix consists of all large, two-bedroom, one-bathroom floor plans totaling approximately 36,000 net rent-able square feet. The property is situated on approximately 1.66 acres and is landscaped with low maintenance desert landscaping.

Location Description:

Casa Monte Vista is located in a desirable neighborhood within the South Mountain submarket, on Dobbins Road just west of Central Ave. The location offers excellent access to Downtown Phoenix, Sky Harbor International Airport, and South Mountain Park. South Mountain Park is the largest municipal park in the United States and is approximately one mile south of the property on Central Avenue and contains over 16,000 acres of desert landscape featuring hiking, biking and horse trails.

Residents have easy access to the Interstate-17 freeway and the new Loop 202 that is currently being constructed around South Mountain. South Mountain High School is nearby, along with a number of new developments. A few miles north on Central Avenue drops residents in the heart of Phoenix's booming downtown CBD. The investment in Downtown Phoenix is bringing new interest to the historic neighborhoods that surround the area. That submarket has over 8 million square feet of office,

industrial and warehouse space, along with a growing number of dining, entertainment and shopping options, which provide an abundance of employment opportunities.

Highlights:

>> 98% Large, Two Bedroom Floor Plans

>> Individually Metered for Electricity

>> Value Add Opportunity Through Rent Growth

>> Ability to Add Washer/Dryer Inside the Unit

>> South Mountain Rental Market with High Barriers to Entry

>> Excellent Frontage on Dobbins Road

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