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6501 N 3rd Avenue - 6501 N 3rd Apartments, Phoenix, AZ

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6501 N 3rd Avenue - 6501 N 3rd Apartments

N 3rd Ave & Maryland Ave
Phoenix, AZ 85013 - Golden Groves/Windsor Square MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1977
Stories:2 Building Size:13,200 SF Land Area:.35 AC (15,246 SF)
For Sale Price:$2,640,000 Price/Unit:$165,000.00 Cap Rate:6.01 % GRM:-

Parking:1.82 Parking Spaces / 1,000 SF

Sale Notes:
Marcus & Millichap is pleased to announce the opportunity to acquire The Haven, a renovated apartment community updated to a modern art deco style design to fit the young professional tenant base the property now attracts. It is strategically positioned within the central Phoenix corridor on the corner of 3rd Avenue and Maryland just west of Central Avenue, one of Phoenix' s most vital and heavily trafficked stretches of roadway.

The subject property is comprised of well-designed 825 square foot two bedroom one bath apartment homes with private patios or balconies and in unit washer and dryers. Newly remodeled interiors include a new appliance package, stainless steel sinks, new countertops with glass tile backsplash, celling fans and slate-plank style vinyl floors. Also featured are all new windows and sliding arcadia doors, a rarity in any apartment remodel. Tenants enjoy covered parking, mature shade trees, newly designed modern desert landscaping and a sitting courtyard area in this boutique community.

The Haven provides an investor the opportunity to acquire a newly modernized apartment building in one of the most prestigious areas of Phoenix. This North Central Phoenix neighborhood is one of the most upscale areas in Uptown and the second-priciest neighborhood in Phoenix, according to AZ Central. Ranch-style, historic brick homes, renovated upscale larger block homes on acre lots, and newer constructed custom homes replacing the older homes developers tore down can all be found here. Million-dollar estates dot the northwest central neighborhood. Mountain preserve areas surround and run through this area and some of the city' s most popular restaurants are all within walking distance to the subject property. Many of the neighborhoods schools are top rated and draw students from other parts of the Valley.


Marcus & Millichap Inc
Rich Butler
(602) 687-6782

Brian Tranetzki
(602) 687-6755

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