3141 N 37th St - Apartments FOR SALE


Phoenix, AZ 85018- East Phoenix
$3,340,000 USD
602-320-8126
3141 N 37th St, Phoenix, AZ for Sale
$3,340,000 USD
Apartments - FOR SALE
1/12
null | 5% Cap Rate

3141 N 37th St
Phoenix, AZ 85018
East Phoenix


HIGHLIGHTS

  • Renovated multifamily community including in-suite washer and dryers. Located within Phoenix's coveted Arcadia Lite submarket.
  • Unit mix entirely comprised of two-bedroom floorplans featuring spacious private backyards and covered direct-access parking.
  • Attractive acquisition basis considerably below the relevant comp-set.

OVERVIEW

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set.

FOR SALE DETAILS

PRICE

$3,340,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

14

PRICE/UNIT

$238,571

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Siena Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

127-23-048

ASK ABOUT THIS PROPERTY

Paul BayMarcus & MillichapMore Info
602-320-8126

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Paul BayMarcus & MillichapMore Info
602-320-8126

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