6241 N 27th Ave - Apartments FOR SALE


Phoenix, AZ 85017- North Phoenix
$45,000,000 USD
858-336-9051
6241 N 27th Ave, Phoenix, AZ for Sale
$45,000,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

6241 N 27th Ave
Phoenix, AZ 85017
North Phoenix


HIGHLIGHTS

  • Palm Aire Apartments complex is a remarkable investment opportunity to own a 186-unit garden-style apartment community in Northwest Phoenix.
  • Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, and laundry facilities.
  • Find a simple unit mix of one- and two-bedroom apartments with well-appointed kitchens, private patios and balconies, and large closets.
  • Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater
  • Building sits within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are enrolled.

OVERVIEW

Palm Aire Apartments complex is a remarkable investment opportunity to own a 186-unit, at $242,000 per unit, garden-style apartment community in Northwest Phoenix. Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater. Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, and laundry facilities. Building sits within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are enrolled. Find a simple unit mix of one and two-bedroom apartments with well-appointed kitchens, private patios and balconies, and large closets.

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

186

PRICE/UNIT

$241,935

CAP RATE

Request Cap Rate

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Aire Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1982

PARKING SPACES

260

LAND DETAILS

LAND ACRES

5.49 AC

LAND SF

238,935 SF

ZONING

M-H

APN/PARCEL ID

156-03-005H,156-03-005J

ASK ABOUT THIS PROPERTY

Natasha AlexanderPhoenix Uprising Real Estate, LLCMore Info
858-336-9051

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Natasha AlexanderPhoenix Uprising Real Estate, LLCMore Info
858-336-9051

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