2641 W Butler Dr - Apartments FOR SALE


Phoenix, AZ 85051- Metrocenter
$17,500,000 USD
858-295-8553
2641 W Butler Dr, Phoenix, AZ for Sale
$17,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2641 W Butler Dr
Phoenix, AZ 85051
Metrocenter


HIGHLIGHTS

  • Prime opportunity to acquire a well-maintained multifamily property offering an affordable and convenient living solution in the metro area.
  • Residents enjoy multiple on-site amenities, including a pool, laundry facilities, an office, a playground, and lush desert landscaping.
  • Eclipse Apartments offers multiple floor plans, including 45 two-bedroom units, 15 one-bedroom units, and 15 studios, averaging 800 square feet.
  • Excellent commuter access to Interstate 17, Downtown Phoenix, and nearby areas such as Glendale, Scottsdale, Tempe, and Mesa.

OVERVIEW

Eclipse Apartments at 2641 W Butler Drive is a 75-unit, garden-style apartment community established in 1972 and ideally located in Phoenix, Arizona. The attractive unit mix consists of 60% two-bedroom, 20% one-bedroom, and 20% studio units, averaging 800 square feet. Each apartment features stainless steel appliances, refurbished kitchens, and vinyl plank flooring. Eclipse Apartments contain four garden-style apartment buildings situated on a 2.62-acre site. The community includes a pool, laundry facility, office, playground, and desert landscaping throughout. Situated on Butler Drive, residents enjoy direct access to all areas of Phoenix via Interstate 17. The Eclipse Apartments are also close to the Light Rail, providing car-free commutes throughout the Valley of the Sun. Residents will find an abundance of conveniences and attractions at Desert Sky Mall, El Oso Park, and several other shopping centers, each filled with restaurants and retailers. Nestled in the heart of the Phoenix metro, this property is in a safe, welcoming suburban community just 12 miles west of downtown. The neighborhood offers a comfortable atmosphere of residential charm, providing an ideal setting for families, professionals, and students. Nearby schools, such as Maryvale High School, provide quality K-12 education, while Grand Canyon University offers higher education opportunities and a vibrant campus life. With well-maintained parks, shopping centers, and public transit options close at hand, this location offers the best of the suburbs with easy access to the city.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

75

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eclipse Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

98

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

M-H

APN/PARCEL ID

158-04-008A

ASK ABOUT THIS PROPERTY

Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-295-8553

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Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-295-8553

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