This 3-story, 66,829 sq ft building, built in 1965 and fully remodeled in 2019-2020, is a maintenance-free investment with an appraised value over $6 million and 10 years left on tax abatement. Zoned U-3 for residential luxury living and commercial use, it features 40 fully furnished 1 & 2-bedroom units, ideal for Airbnb short-term stays or long-term rentals ranging from $975 to $1,400/month (utilities included). The upscale Alexander Pierce restaurant and commercial space generate $9,000/month in rent.
Key Features:
Prime Location: Near hospitals, freeways, Goodyear World Headquarters, shopping, and dining.
Residential Units: 40 fully furnished units with high-end appliances, perfect for Airbnb or long-term tenants.
Commercial Space: High-end restaurant and additional commercial area available for development.
Amenities: Modern gym, quality common areas, meeting rooms, vending, courtyards, tenant club lounge, dedicated fiber line for internet, and security system
Accessibility: One elevator, fully accessible common areas.
Parking: 84 spaces.
Utilities: Public utilities, included in rent.
Condition: Fully remodeled exterior and interior for low maintenance.
Additional Highlights:
Excellent connectivity to highways and local attractions.
Strong income potential with Airbnb for vacant units.
Contact listing agent for more details.
A turnkey, high-value property in a thriving area, ready for immediate returns.