Northern Terrace

JLL is pleased to offer Northern Terrace, a 51-unit garden-style apartment community in the Central Phoenix submarket. Built in 1964, the property is made of block construction with built-up roofs and individually metered for electricity. Northern Terrace is situated on approximately 1.87 acres and features beautiful landscaping with lush turf, mature shade trees, and low-maintenance desert plants.

Northern Terrace provides a prospective investor the rare opportunity to acquire a fully renovated asset in a prestigious 19North neighborhood of Central Phoenix. Current units are listed under market value by over $115+ per unit. Northern Terrace can provide an increase of $ 70,000+ in monthly rental revenues once units are marked-to-market with additional potential for growth from the high demand and barriers to entry of the property’s dynamic in-fill location in Central Phoenix.