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4441 W Bethany Home Rd, Glendale, AZ, 85301-5427, US

Summers Point

자산 설명

JLL is proud to present Summers Point, a distinctive 164-unit community in Glendale, Arizona, offering a stabilized asset with additional value-add upside. The Property consists of 16 buildings across 1 parcel, featuring a diverse unit mix with an average size of 572 square feet. The Property was constructed in 1980 and was partially renovated by current ownership in 2023/2024. Renovated interior units feature premium finishes which include white shaker cabinetry with brushed nickel hardware, vinyl wood plank flooring, stainless steel appliances, subway tile backsplashes and in-suite washer/dryer.


Summers Point is ideally situated in a desirable area of Glendale, a city experiencing rapid growth and development with billions of dollars being invested in recent and ongoing projects throughout the city. Glendale’s strong population growth, coupled with its diversifying economy (particularly in healthcare and manufacturing sectors) and limited new housing development, creates a solid foundation for sustained rental demand. Summers Point provides a compelling investment opportunity to buy a partially renovated asset within an affordable submarket that is well positioned for future rental increases.

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개요

단위 수
164
건축년도
1980
리노베이션 년도
2023

미디어

투자 하이라이트

  • Significant Value-Add Potential - 98 out of the 164 Units have been Renovated Providing New Ownership the Opportunity to Renovate the Remaining 66-units with Potential Rental Premiums of $225, yielding a 22% return on cost
  • Continue In-Suite Washer/Dryer Installation – 14 Units Have In-Suite Washers & Dryers, Leaving Future Ownership the Ability to Add to the Remaining Units
  • 1980 Built Garden-Style Community with a Contemporary Design
  • Attractive Low Maintenance Asset that has been well Maintained and Shows Pride of Ownership
  • Exceptional West Valley Amenity Base with Record Investment and Future Growth
  • Rental Discount as Compared to other Nearby Communities
  • Prominent Rent vs Own Discount Fuels Increased Demand in the Surrounding Area 
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