4323 N 27th Ave - Apartments FOR SALE


Phoenix, AZ 85017
$11,400,000 USD
602-714-1283
4323 N 27th Ave, Phoenix, AZ for Sale
$11,400,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

4323 N 27th Ave
Phoenix, AZ 85017


HIGHLIGHTS

  • 120 Units, Originally Built in 1974
  • Unit Mix Consists of Studio (46.7%), One-Bedroom (52.5%), & Two-Bedroom (0.8%) Unit Types
  • Located Near Grand Canyon University & Easy Access to Major Transportation Corridors (I-17, I-10, & US-60 Freeways)
  • Master Metered for Electricity, Heating, Cooling, & Domestic Hot Water
  • Offered All Cash / New Loan
  • Available Individually or With the Adjacent Radius Apartments, 72 Units

OVERVIEW

The Phoenix West Apartments is a 120-unit apartment community nestled in the developing West submarket of Phoenix, AZ. This property is located just south of West Camelback Road, located approximately one-mile from the high-growth economic driver that is Grand Canyon University. The ease of connectivity to the entirety of Phoenix through State Route 60, Interstate-17, and the major thoroughfare of Camelback Road places this property in a prime position to navigate to the entirety of the Phoenix valley and all it has to offer. As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex. The Phoenix West Apartments was built in 1974 and comprises 120 dwelling units spread across 10 two-story buildings featuring a masonry with stucco construction exterior and pitched composition shingle roofing. The community spans across an approximate 2.28 acres of land, offering a mix of 56 studio units, 63 one-bedroom units, and one two-bedroom averaging at 388 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include on-site rental office, pool, central courtyard, on-site laundry facility, & fully gated entry Available individually or with the adjacent Radius Apartments (72 units).

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

120

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phoenix West

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

177

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

R-5

APN/PARCEL ID

154-18-021A,154-18-021B

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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