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1424 S Jentilly Lane - Brix, Tempe, AZ

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1424 S Jentilly Lane - Brix

SWC Cedar & Jentilly
Tempe, AZ 85281 - Hudson Manor MF Submarket

Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:1981
Stories:2 Building Size:22,642 SF Land Area:.98 AC (42,819 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:2.61 Parking Spaces / 1,000 SF

Raintree Villas is 24-unit apartment complex with eight one bedroom units of approximately 800 square feet each and 16 two bedroom two bath units of approximately 925 square feet each. The property was built 1981 and undergone serious renovation in 2006. The complex is individually metered for gas and electricity.

Raintree Villas is located on South Jentilly Lane, close to the major Rural Rd. and Apache intersection in Tempe, AZ. Located just 1/4 mile from Arizona State University's campus, Raintree Villas is a perfect place for students to live and walk to campus. Tempe's ongoing redevelopment into a cultural center for music, art, entertainment, and dining puts the property in the center of it all, less than a
mile from the brand new Tempe Marketplace. Raintree Villas offers its residents easy access to the Loop 101, Loop 202, I-10, and I-60 freeways.

Sale Notes:
Brix is a two-story apartment complex built in 1981 and renovated in 2016, comprising 24 rental units. The unit mix consists of eight one-bedrooms and sixteen two-bedroom/two-bath units. Building construction is made of wood frame and stucco. Heating and cooling is provided by individual roof-mounted HVAC units. The utility costs associated with heating and cooling are the responsibility of the tenant. The property is individually metered for electricity, and the costs associated with usage inside the dwelling units are the responsibility of the tenant. Hot water is provided by individual water heaters. The cost of water, sewer charges, and trash collection is the responsibility of the owner.
Brix Apartment Homes is located at 1424 South Jentilly Lane in Tempe, Arizona. The property is situated two blocks southeast of the Apache Boulevard and Rural Road intersection. Downtown Tempe is less than two miles northwest of the property and contains many employment opportunities, dining options, and recreational amenities. Across the street of Brix along Rural Road is Arizona State University' s Tempe Campus (the largest University in the country, with over 80,000 students enrolled in Spring 2016). With such close proximity to campus, Brix is an ideal location for students or faculty to live and walk to campus. Along with higher educational opportunities, ASU also supplies a significant source of employment, concentrated within the main campus. Tempe' s Mill Avenue District provides prominent entertainment and retail venues for young professionals and students alike. Areas to the south and east of the property are primarily residential; the area to the north includes the Sun Devil Soccer Stadium and ASU Karsten Golf Course.

Colliers International
Bill Hahn
(602) 222-5105

Trevor Koskovich
(602) 222-5145

Jeffrey Sherman
(602) 222-5109

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