1521-1529 E Sunnyside Dr - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$1,125,000 USD
602-619-9884
1521-1529 E Sunnyside Dr, Phoenix, AZ for Sale
$1,125,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1521-1529 E Sunnyside Dr
Phoenix, AZ 85020
North Mountain


OVERVIEW

Sunnyside Cottages is a 6-unit apartment community located southwest of the Cave Creek Road and Thunderbird Road intersection with outstanding views of North Mountain Park. With a centralized Phoenix location and placed less than two miles from State Route 51 (SR 51), convenient access is found to a plethora of employment, lifestyle, recreational attractions and a reasonable commute to destinations valley-wide. Led by a strong employment landscape, over ±169,100 employees and ±4,700 businesses are easily accessible throughout the Deer Valley/I-17 Employment Corridors and Kierland Corridor/ Scottsdale Airpark, headlined by tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield. Additional desired destinations of Desert Ridge Marketplace, High Street, and the Paradise Valley Mall transformation provide renters a more diverse and robust lifestyle. Completed in 1949 and renovated in 2022, Sunnyside Cottages is comprised entirely of two-bedroom, one-bath floorplans, each offering 600 square feet. The community has undergone extensive exterior renovations including new A/C units, plumbing, electrical, and landscaping presenting a refreshed look that aligns with the neighborhood's aesthetic. In addition, the property offers on-site laundry for resident's convenience. Future ownership will have the opportunity to capitalize the current below market rents by increasing lease rates to a level achieved by similar properties in the surrounding area.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

6

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunnyside Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

18,953 SF

ZONING

-

APN/PARCEL ID

159-20-055,159-20-056,159-20-057

ASK ABOUT THIS PROPERTY

Darrell MoffittMarcus & MillichapMore Info
602-619-9884

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Darrell MoffittMarcus & MillichapMore Info
602-619-9884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.