
Palm Square
4811 North 15th Avenue, Phoenix, AZ, 85015, US
£2,070,000 | 18 units
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.