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1414 E Osborn Road - Osborn Place, Phoenix, AZ

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1414 E Osborn Road - Osborn Place

Phoenix, AZ 85014 - Encanto MF Submarket

Property Type:Multi-Family Number of Units:30 Status:Existing Year Built:1958
Stories:2 Building Size:19,800 SF Land Area:1.47 AC (64,033 SF)
For Sale Price:$2,995,000 Price/Unit:$99,833.33 Cap Rate:6.57 % GRM:-

Parking:1.67 Parking Spaces / 1,000 SF

Property Description: 31-UNIT APARTMENT COMPLEX

Apartment Unit: Manager's unit

Sale Notes:
For access to the offering memorandum and detailed property information, please click on the property website link above & complete the electronic Confidentiality Agreement.

Osborn Place is a 30-unit garden-style apartment community that was renovated and repositioned in 2014. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity.

The unit mix is comprised of studios, one and two-bedroom floor plans that are spacious and very well designed and range in size from 500 to 1,200 square feet. Ninety-five percent of the units have been completely renovated with exposed polished concrete or faux wood plank vinyl flooring, resurfaced oak cabinetry with brushed nickel hardware, quartz countertops with mosaic glass tile backsplashes in the kitchens, stainless steel or white appliance packages, porcelain tile shower surrounds, contemporary bathroom vanities, brushed-nickel lighting fixtures, upgraded horizontal blinds and low-flow toilets. Exterior renovations include sandblasted block with new paint and trim, a resurfaced swimming pool with new furniture and upgraded lighting.

Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632

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