Maryland Greens

JLL is pleased to present Maryland Greens, a 78-unit garden-style apartment community in the Mid-Town Phoenix submarket. Built in 1967, the community is made of block construction with built-up foam roofs and is master-metered for electricity. The Property is situated at an advantageous location in the Midtown Phoenix submarket with close proximity to major transportation routes, shopping centers, and recreational areas. The current owner is grappling with maturing, high-interest rate debt, creating an opportunity for investors to acquire the property at an attractive price with potential for substantial returns.

Maryland Greens provides investors the potential to capitalize on the growing market demand. With a dynamic location that appeals to both young professionals and families, Maryland Greens Apartments is well-positioned to take advantage of the steady population growth in the area. Additionally, the Property gives future ownership the ability to increase market rents as Maryland Greens current market rents are ~$235/Unit below the comp set average. Furthermore, the current owner’s high-interest rate debt coming due presents an ideal circumstance for investors to negotiate favorable financing terms, offering the potential for increased cash flow and levered returns.