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3420 W Rose Lane - 3420 Apartments, Phoenix, AZ

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3420 W Rose Lane - 3420 Apartments

Phoenix, AZ 85017 - Glendale/Rt 60 Corridor MF Submarket


Property Type:Multi-Family Number of Units:28 Status:Existing Year Built:1962
Stories:2 Building Size:24,000 SF Land Area:1.07 AC (46,609 SF)
For Sale Price:$2,350,000 Price/Unit:$83,928.57 Cap Rate:6.75 % GRM:-

Parking:1.07 Parking Spaces / 1,000 SF



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.

3420 Apartments is a 28-unit garden-style community located in a desirable west Phoenix location that was completely renovated and repositioned in 2016. The property is made of block construction with a new built-up foam roof and is individually-metered for electricity.

The unit mix is comprised of one and three bedroom floor plans that are very spacious and well designed and range in size from 690 to 1,080 square feet. The majority of the units have been completely renovated with ceramic tile/faux wood vinyl flooring, upgraded countertops, contemporary shaker cabinets, brushed-nickel lighting fixtures and ceiling fans, modern bathroom vanities, low flow toilets and ceramic shower surrounds.

The property is situated on a large lot of approximately 1.08 acres and has attractive, low water use desert landscaping with faux turf. Exterior renovations include upgraded lighting, professionally designed landscaping with new faux turf, picnic area with built-in outdoor kitchen.

CBRE
Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632




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