6241 N 27th Ave - Apartments FOR SALE


Phoenix, AZ 85017- North Phoenix
$45,000,000 USD
858-251-8254
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 prime investment opportunity to own a stunning 186-unit garden-style apartment community in Phoenix, Arizona.
  • Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, public transportation, 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
  • Situated within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are enrolled, producing a dense client base.
  • Highly accessible location that provides seamless access to Interstate 17, which connects the apartment complex to all of Northwest Phoenix.

OVERVIEW

Palm Aire Apartments at 6241 North 27th Avenue is a remarkable investment opportunity to own a garden-style community offering pet-friendly apartments in Northwest Phoenix, within 1 mile of the prestigious Grand Canyon University. The Palm Aire Apartments have 186 one-bedroom and two-bedroom units with various amenities to create the perfect home. Residents of the apartments enjoy Abundant amenities, including two bean-shaped pools, picnic areas with grilling, bike racks, a spa, and two on-site laundry facilities. The apartment units have fully equipped kitchens, stainless steel appliances, private patios and balconies, large closets, and washer/dryer hookups. The Palm Aire Apartments is gated, with video surveillance and on-site management, creating a secure, crime-free community. Enjoy direct access to all areas of Phoenix from the apartments through Interstate 17, less than 1 mile away. A wealth of shopping, dining, and entertainment, including Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theatre, can be found two blocks from the Palm Aire Apartments. Nestled within the North Phoenix neighborhood, the apartments are in a suburban locale with mountain views less than 15 minutes from downtown. Owner-occupants, tenants, and investors will find that Palm Aire Apartments is a one-of-a-kind destination, ready to deliver a well-maintained multifamily asset.

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$356 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

5.05 AC

LAND SF

219,847 SF

ZONING

M-H

APN/PARCEL ID

156-03-005H

ASK ABOUT THIS PROPERTY

Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-251-8254

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Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-251-8254

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