CBRE is pleased to present Central Park Villas Apartments, a single story garden style prime investment opportunity located at 4128 N 10th St., Phoenix. This 10-unit community benefits from a highly desirable location just north of Indian School Road and west of 7th Street, an area where demand for Class B/B+ properties consistently exceeds supply. Central Park Villas offers a diverse selection of spacious units, including one-bedroom (600 sq ft), two-bedroom (800 sq ft), and three-bedroom (1,200 sq ft) floor plans, all designed for modern living. Each unit is equipped with in-suite washer and dryers, stainless steel appliances, modern backsplashes, quartz kitchen and bathroom countertops, dishwashers, individual HVAC units, stylish wood-plank vinyl flooring, and ceramic tile.
Originally constructed in 1966 and extensively renovated in 2020, Central Park Villas presents a turnkey asset with a proven track record of stable income, low tenant turnover, and high historical occupancy. This established performance allows a new investor to capitalize on dependable cash flow and the potential for organic rent growth upon lease expirations, offering an attractive opportunity to achieve an above-market return on investment.
Beyond its attractive amenities, Central Park Villas boasts a prime location. Residents enjoy convenient access to the substantial employment opportunities of midtown, downtown, and the Biltmore/Camelback corridor, which together support a workforce of over 177,000 employees at more than 3,000+ businesses.