454 West Brown_Property for Sale
454 West Brown_Property for Sale
454 West Brown Road, Mesa, AZ, 85201, US

454 West Brown

Asset Description

JLL is pleased to introduce 454 West Brown, an 80-unit garden-style apartment community located in a highly desirable Northwest Mesa submarket. The Property was extensively renovated in 2020 and is comprised of all two bedroom two-bath units that are 1,000 square feet. Additionally, 100% of the interior units have been extensively renovated with premium finishes.


The Property was built in 1972 of block and stucco construction with built-up roofs and is individually metered for electricity. Interior unit features include stainless-steel appliances, white shaker cabinetry with brushed nickel hardware, granite countertops, polished concrete floors, upgraded contemporary light fixtures and in suite washer/dryers. Select units include private patios. Exterior amenities include a sparkling swimming pool, dedicated leasing office, fitness center, and covered parking.


Positioned near the eclectic Mesa Riverview district, 454 West Brown provides residents with quick access to a wide array of nearby amenities. The Property is located within 3 miles of the Loop 101 & Loop 202 interchange, giving residents access to the entire Phoenix Metro. Additionally, the Property is in close proximity to various medical facilities such as Valleywise Behavioral Health Center which is within walking distance and Banner Corporate Center.


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Attributes

Asking price
CHF 15,274,000
Number of units
80
Year built
1972
Year renovated
2020

Media

Investment Highlights

  • 100% Large Two-Bedroom, Two-Bathroom Floor Plans Averaging 1,000 SF
  • Extensively Renovated and Repositioned in 2020
  • Attractive Assumable Financing In-Place
  • Low-Maintenance Asset Provides Ease of Management for Out-of-State Ownership
  • Proximity to the Loop 101 & 202 Freeway, Minutes from Downtown Tempe/Mesa, Sports Complexes such as Wrigleyville West, Phoenix Rising and ASU, Shopping at Mesa Riverview & Tempe Marketplace
  • Desirable North Mesa Submarket with High Barriers to Entry (Supply Constrained Submarket with Limited New Construction)


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454 West Brown (0 Properties)

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Last updated
23 Oct 2024