807 West 3rd Street, Tempe, AZ, 85281, US

Plaza East

Descrição do ativo

JLL is pleased to introduce Plaza East, an exceptional investment opportunity located in Tempe, Arizona. The Property contains 12 one-bedroom units with an average square footage of 513. Renovated in 2016, Plaza East stands out with updated appliances and light fixtures, and remodeled bathrooms. As such, Plaza East offers investors a distinctive opportunity to invest in a highly stable and exceptionally located apartment community while still providing a significant mark-to-market opportunity.

Plaza East presents a unique opportunity for investors looking to capitalize on growing demand for multifamily housing in the Tempe submarket of Phoenix. With a strategic location in a well-located neighborhood, the Property benefits from its proximity to various amenities, including restaurants, shopping centers, and recreational facilities. Its convenient access to Interstate 10, Loop 202, and Sky Harbor International Airport, make Plaza East an attractive option for renters looking for easy accessibility.

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Atributos

Preço pedido

€ 2.367.000

Número de unidades

Ano de construção

1963

Mídia

Destaques do investimento

Prestigious Tempe Location Near Arizona State University with High Barriers to Entry

Completely Renovated and Repositioned with Contemporary Finishes

Individually Metered for Electricity | Single Story, Block Construction

Positive Operational Trend with Additional Revenue Enhancement Opportunity

High Demand Rental Market with Strong Fundamentals (Occupancy and Average Rent Both Greater Than the Metropolitan Phoenix Average)

Located ½ Mile from the Mill Avenue Entertainment District Providing Easy Access to Boutique Retail, Restaurants, Employment Drivers and a Metro Light Rail Stop