Maryland Greens_Property for Sale
Maryland Greens_Property for Sale
749 East Maryland Avenue, Phoenix, AZ, 85014, US

Maryland Greens

Asset description

JLL is pleased to present Maryland Greens, a 78-unit garden-style apartment community in the Mid-Town Phoenix submarket. Built in 1967, the community is made of block construction with built-up foam roofs and is master-metered for electricity. The Property is situated at an advantageous location in the Midtown Phoenix submarket with close proximity to major transportation routes, shopping centers, and recreational areas. The current owner is grappling with maturing, high-interest rate debt, creating an opportunity for investors to acquire the property at an attractive price with potential for substantial returns.

...

Attributes

Units
78 units
Year built
1967
Building area net
3,824 sm
Land area gross
0 sm

Media

Investment highlights

  • Extensive Value-Add Opportunity (Projected renovation premium of $130/Unit)
  • Proximity to Central Phoenix & Camelback Corridor Boutique Retail, Independent Restaurants, and Employment
  • Dynamic Mid-Town Phoenix Submarket
  • High Barriers to Entry (Less Than 1% of Metro Phoenix Future Apartment Deliveries Will Occur in Submarket)
  • Extremely Strong Submarket Fundamentals (Forecasted 3-Year Absorption Rates are Over 105% in the Submarket)
Maryland Greens 4_Property for Sale
Maryland Greens 4_Property for Sale

Contact brokers

Maryland Greens (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jun 5, 2024