CBRE is pleased to announce the exclusive offering of MV on 3rd, a 60-unit multifamily community, located just off 3rd Street and Monte Vista Road. MV on 3rd represents an exceptional opportunity to acquire a partially renovated asset in the heart of Phoenix’s highly coveted Midtown Historic District. Blending historic neighborhood charm with urban convenience, the property offers both in-place cash flow and clear value-add potential through the continued renovation of classic units and strategic capital improvements.
Positioned within walking distance to major employment centers, cultural institutions, and the light rail corridor, the asset is ideally suited to capture strong rental demand from lifestyle-oriented tenants seeking unique, well-located housing in one of Phoenix’s most vibrant and architecturally significant neighborhoods. With 38 of 60 units already renovated, a proven value-add strategy in place, and a highly desirable amenity set, this asset is a compelling core-plus or value-add investment surrounded by some of Valley’s most sought-after residential real estate.