Civic is pleased to announce the opportunity to acquire Papago Palms West Apartments, a 25-unit value-add, garden style community located in Phoenix Arizona. Under continuous ownership since 2011, Papago Palms consists of twenty-five units built in 1994.
Located just north of McDowell Road and west of 52nd St, Papago Palms West offers the Value-add investor a well-positioned investment in a bedroom community, that through a properly conceived operational/improvement program, can take advantage of the below market rates currently in place. Renovated properties can expect rental premiums of between $200-$400 per unit depending on the level of improvements made and supplying washers & dryers.
Since the property consists of larger two bedroom units (88%) with washer/dryer hook ups; it offers a high degree of flexibility to the investor for both repositioning and exiting the investment.
New Elastomeric Roof Coating being installed June 2025. (5-Yr Transferable Warranty)