845 N 2nd Ave - Apartments FOR SALE


Phoenix, AZ 85003- Roosevelt Row
$4,295,000 USD
602-687-6679
845 N 2nd Ave, Phoenix, AZ for Sale
$4,295,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

845 N 2nd Ave
Phoenix, AZ 85003
Roosevelt Row


HIGHLIGHTS

  • Comprised of 100% Two-Bedroom Floorplans
  • Historic Multifamily Asset In Heart of Downtown Phoenix
  • Walkable Access to the Storied Roosevelt Row

OVERVIEW

Set to the backdrop of Downtown Phoenix’s sky-reaching office infrastructure, among the bustling economic and entertainment prospects of the area’s expanding urban culture, stands Westminster (the “Property”), a 16-unit multifamily asset offering in the city’s all-inclusive, live-work-learn-play capital. The Property’s blend of redone interiors showcasing its historic charm is enhanced by a geographically central location offering irreplaceable walkability to all downtown has to offer. Located within Downtown and Midtown Phoenix’s Innovation Corridor, Westminster has access to more than ±171,000 total employees across a roster of enduring industry leaders, including Banner Health, UnitedHealth Group, Dignity Health, Freeport McMoRan, Wells Fargo, and Quicken Loans. This impressive profile of employers is due in large part to the forward-thinking multibillion-dollar investments of the adjacent Phoenix Bioscience Core (PBC) and Arizona State University – Downtown Phoenix campus, guiding the region into an era of innovation and economic relevance. As the gateway to downtown’s arts and culture scene, the storied Roosevelt Row offers the Property walkable access to the creative center of the region, a unique neighborhood known for public art, live music performances, art galleries, eclectic boutiques, independent businesses and much more.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

16

PRICE/UNIT

$268,438

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westminster

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

DTC-E-ROO

APN/PARCEL ID

111-40-088,111-40-090

ASK ABOUT THIS PROPERTY

Paul BayMarcus & MillichapMore Info
602-687-6679

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Paul BayMarcus & MillichapMore Info
602-687-6679

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