Sun Terrace

Sun Terrace is a 16-unit single-story garden-style apartment community located in a desirable east Phoenix location that has been extensively renovated and repositioned. The property is situated just north of McDowell Road and east of 24th Street. Built in 1952 and extensively renovated in 2017, the property is made of block construction with built up foam roofs and is individually metered for electricity.

The unit mix is comprised of one and two-bedroom/two-bath floorplans that are extremely spacious, very well designed and range in size from 475 to 850 square feet. Interior unit amenities include fully appointed kitchens with full size appliances and gas ranges, spacious closets, individual hot water heaters, ceiling fans and private patios. Fourteen (14) of the units have been upgraded with new white cabinetry with brushed-nickel hardware, updated vinyl flooring, counter tops, low-flow toilets and in-suite washer/dryers. The property is situated on large lot of approximately 1.13 acres and features attractive low-water-use desert landscaping with lush turf. Common area amenities include multiple attractive courtyards with barbeques, gazebo with sitting area and exterior lighting. The property also features dual pane windows and upgraded electric subpanels.

Sun Terrace offers an investor the rare opportunity to acquire an extensively renovated asset located in a solid east Phoenix location that an extremely high occupancy history. In addition, the property is a low maintenance asset providing ease of management for an out of state investor.