Palm Square
4811 North 15th Avenue, Phoenix, AZ, 85015, US
3 794 000 $ | 18 unités
Description de l'actif
JLL is pleased to present Connect on University, a 67-unit garden-style apartment community in North Mesa. Built in 1969 and renovated in 2023/2024, the community is made of block construction with pitched roofs and is individually-metered for electricity. Connect on University provides an investor the rare opportunity to acquire a low-density/single story community that has been extensively renovated with partial value-add potential.
Connect on University benefits from excellent demand drivers with extremely high barriers to entry. Most notable, new corporate tech investments in Mesa are leading to a significant in-migration of young professionals in the area. Furthermore, the community’s proximity near Downtown Mesa, the Valley Metro Light Rail, entertainment centers, and excellent retail and dining offerings provide a highly desirable location for future residents.
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Attributs
Nombre d'unités
67
Année de construction
1969
Année de rénovation
2023
Média
Points forts de l'investissement
- Spacious Garden-Style Community Featuring 73% Two-Bedroom/Two-Bathroom Floor Plans with Private Patios that Average 930 Square Feet
- Approximately $1.5M in Capital Improvements to Improve Building Systems
- Value-Add Potential with Minimal Investment and Opportunity for Operational Optimization
- Robust North Mesa Submarket Fundamentals Fuels Investor Demand
- Major Tech Developments Providing a Surge in Mesa’s Economic Expansion
- High-Visibility Community with Proximity to Local Metro Transit
- Mesa is the Hub for Retail, Dining, Entertainment and Cultural Attractions
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Connect on University (0 Propriétés)
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Dernière mise à jour
30 avr. 2025
