New Horizons_Actifs en vente
New Horizons_Actifs en vente
1510 North 48th Street 1510, Phoenix, AZ, 85008, US

New Horizons

Description de l'actif

JLL is pleased to present New Horizons, a 51-unit garden-style multifamily community in East Phoenix. Built in 1985, the property is made of wood-frame construction with brand-new built-up roofs and is individually metered for electricity. The property features an excellent unit mix of 100% two-bedroom/two-bath floor plans averaging ±950 square feet.


New Horizons offers an investor the rare opportunity to acquire a value-add boutique multifamily asset. With an upgrade package featuring new white shaker-style cabinetry, quartz countertops, brushed nickel fixtures and hardware, stainless steel appliances, and in-suite washer/dryers, the property can achieve rent premiums of $100 based on similar properties.


New Horizons benefits from excellent demand drivers including its proximity to the Biltmore-Camelback financial district and ±1.5 miles from the largest in-fill data center development in Phoenix by QTS located on 40th Street / McDowell. Furthermore, New Horizon’s location features excellent access to the Loop 202 and SR 143 freeways providing a direct commute to all of Metro Phoenix’s offerings of employment, entertainment, and retail.

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Caractéristiques de l'actif

Prix attendu
10 794 000 €
Nombre d'unités
51 Unité de mesure
Année de construction
1985
Surface de l'actif Net
4 501 m²

Média

Points clés d'investissement

  • 3.70% Fixed Rate Assumable Financing Due in 2031
  • 100% Large Two-Bedroom/Two-Bath Floor Plans with Private Patios
  • Value-Add/Revenue Enhancement Opportunity
  • Significant Mark-to-Market and Loss-to-Lease Potential
  • Excellent Access to High Volume Traffic Corridors
New Horizons 4_Actifs en vente
New Horizons 4_Actifs en vente

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New Horizons (0 actifs)
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Dernière mise à jour
18 avr. 2024