602-320-8126
5250 N 20th St, Phoenix, AZ for Sale
Apartments - FOR SALE
1/20
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5250 N 20th St
Phoenix, AZ 85016
Biltmore


HIGHLIGHTS

  • Exceptionally Rare Multifamily Asset North of Camelback Road in the Prestigious Biltmore Submarket
  • Two-Bedroom Dominated Unit Mix with Uniquely Expansive Floorplans averaging 1,104 square feet
  • Full Scale Value-Add Opportunity Supported by the Elite Demographics Surrounding the Irreplaceable Location

OVERVIEW

For nearly five decades, The Hibiscus has been thoughtfully cared for by a dedicated long-term owner whose pride of ownership is evident throughout every aspect of the Property. Acquired 48 years ago when much of the area north of Camelback Road was still characterized by expansive citrus groves, the ownership team recognized the unique character and potential of this irreplaceable location. Rather than simply operating the Property, they became stewards of its legacy, investing decades of care, attention, and thoughtful cultivation to preserve the charm and natural beauty that make The Hibiscus truly distinctive. Over the course of their ownership, the Property has been lovingly maintained and enhanced with a focus on preserving its historic character and creating a unique living environment for residents. A defining feature of this commitment is the preservation and nurturing of an extraordinary citrus landscape, with more than one citrus tree maintained for every residential unit—an uncommon attribute that reflects the care and intentionality behind the Property's design and ongoing stewardship. The result is a one-of-a-kind residential community that blends timeless character with the enduring appeal of one of Metro Phoenix's most desirable neighborhoods. After 48 years of ownership, The Hibiscus represents more than a real estate investment—it embodies decades of dedication, preservation, and pride, offering a rare opportunity to acquire an asset with a legacy that cannot be replicated. Originally developed in 1960, the Property's unit mix features uniquely expansive floorplans consisting of one-bedroom (±30%), two-bedroom (±65%), and three-bedroom (±5%) units covering an average of ±1,104 square feet. Future ownership will have the opportunity to implement a platinum-level interior renovation program to all units and capitalize on the associated interior renovation premium available in such an elite location.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

37

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hibiscus

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.94 AC

LAND SF

128,197 SF

ZONING

R-3

APN/PARCEL ID

164-54-015D

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.