Apex on Central_Property for Sale
Apex on Central_Property for Sale

Apex on Central

40 East Sunland Avenue, Phoenix, AZ, 85040, US

Description

JLL is pleased to introduce The Apex on Central, a 117-unit apartment community located in Phoenix, AZ. The Property has been partially renovated to provide a contemporary, high-quality living experience with best-in-class finishes. Updated interior features include white flat panel cabinetry with brushed nickel hardware, faux quartz counter tops, black appliances, vinyl plank flooring, subway tile backsplashes, updated lighting, and in suite washers and dryers in 39 of the 117 units. In addition, the Property has benefited from exterior upgrades, including updated landscaping and enhanced community amenities to ensure long-term operational efficiency. The Apex on Central offers an investor the rare opportunity to acquire an partially renovated community within proximity to lifestyle amenities and employment corridors such as Downtown Phoenix, CityScape, and the South Mountain Park and Preserve.

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Attributes

Asking price
€15,615,000
Number of units
117
Year built
1988
Year renovated
2018

Media

Investment Highlights

  1. Emerging South Mountain Submarket with High Barriers to Entry
  2. 1988 Construction
  3. Partially Renovated Community with Best-in-Class Finishes
  4. 71% Two-Bedroom Floor Plans that Average 876 Square Feet
  5. Excellent Nearby Amenities Including Downtown Phoenix, CityScape, and the South Mountain Park and Preserve, with a 80 Walkability Score per Yardi
  6. Prominent Rent to Own Discount Fuels Increased Demand in Surrounding Area
  7. Rental Rates are 10% Below the Competitive Set
Apex on Central 4_Property for Sale
Apex on Central 4_Property for Sale

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Apex on Central (0 Properties)

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Last updated
Jun 8, 2026