Youngtown Flats

JLL is pleased to introduce Youngtown Flats, a 104-unit apartment community located in Youngtown, Arizona. The Property contains both office to multifamily converted units as well as newly constructed units in 5 buildings. Youngtown Flats sits on 3.04 acres consisting of attractive, low-maintenance landscaping. Both the converted and newly built units contain premium finishes including vinyl-plank wood flooring, stainless-steel appliances, quartz countertops, subway tile backsplash, white-shaker cabinetry, brushed nickel hardware, and floor-to-ceiling shower tile.

Future ownership will receive the benefits of owning a newly built asset while still having the opportunity to add value in the form of washer & dryer installations. Currently at the Property, only 10 units feature in-unit washers & dryers and receive a $75/unit premium. Youngtown Flats presents a compelling opportunity to acquire a thoughtfully designed 2023-built property at an attractive basis, 60% below where newly delivered multifamily assets have traded year-to-date.