Park Mesa
East Broadway Road 1547, Mesa, AZ, 85204, US
€8,293,000 | 42 units
Asset description
JLL is pleased to present 26 West Culver, a historic multifamily asset comprised of a single-family home and a 4-unit apartment building located within the Roosevelt Historic District of Downtown Phoenix.
Built in 1926, the home has been designated a historic property by the City of Phoenix. The property is made of wood frame construction with pitched roofs and are individually metered for electricity. 26 West Culver provides a prospective investor the rare opportunity to acquire a fully stabilized asset with in a premier core Phoenix location.
26 West Culver is located adjacent to the historic Margaret T. Hance Park and surrounded by the region’s strongest demand drivers. The district provides both walkable and light rail access to expanding employment centers, unique local dining, and diverse nightlife destinations. The current gentrification and redevelopment of Downtown Phoenix provides an investor an asset positioned for long-term growth within a desirable core location.
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Attributes
Asking price
€1,495,000
Units
5
Year built
1942
Building area net
446 sm
Land area gross
0.1 ha
Media
Investment highlights
- Charming Boutique Community Located Within the Roosevelt Historic District
- Fully Renovated House with Additional Value-Add Upside Through Premium Upgrades of Apartments Units
- Extremely Strong Fundamentals (Record Multifamily Absorption)
- Proximity to Arizona State University - Downtown with Enrollment Exceeding ±11,000
- Adjacent to the Historic Margaret T. Hance Park and Minutes from Roosevelt Row Featuring Dining, Cultural, and Art Venues
- Nearby Downtown Phoenix & Central Avenue Employment Corridors with ±90,000+ Professionals and 2,000+ Businesses
Contact brokers
26 West Culver (0 Properties)
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Last updated
Feb 5, 2025
