The Cara_Property for Sale
The Cara_Property for Sale
4325 North 23rd Avenue, Phoenix, AZ, 85015, US

The Cara

Asset Description

JLL is pleased to introduce The Cara Apartments, a 68-unit boutique apartment community located in the desirable North Central Phoenix submarket. The Property offers a favorable unit mix of studio, one bedroom, two-bedroom, & three-bedroom floor plans that average approximately 798 square feet. This single-story community features an exciting value-add opportunity with 100% of the unit mix being unrenovated.

 

Nestled near Midtown Phoenix, The Cara offers residents an unparalleled urban living experience. Its enviable location near Midtown provides easy access to the upcoming $1 billion Park Central Mall Redevelopment and the esteemed $100 million Creighton University Health Sciences Campus, which promise a host of amenities and conveniences just moments away.

 

Positioned near a highly resilient employment hub, The Cara enjoys the advantage of being in close proximity to renowned medical establishments. With esteemed institutions like St. Joseph's Hospital, The Barrow Neurological Institute, and Ivy Brain Tumor Center just a brief drive away, the property effortlessly attracts affluent tenants, resulting in a consistent flow of desirable residents.

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Attributes

Asking price
MYR 63,520,000
Number of units
68
Year built
1964

Media

Investment Highlights

  • Above Market In-Place Cap Rate of 6.34%


  • Majority Two Bedroom Floor Plans


  • Individually Metered for Electricity


  • Block Construction | Single Story


  • Low Maintenance Pride of Ownership Community


  • Value-Add Upside Through Interior Renovations & Washer/Dryer Installation 
The Cara 4_Property for Sale

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Last updated
8 Nov 2024