Summers Point_Property for Sale
Summers Point_Property for Sale
4441 W Bethany Home Rd, Glendale, AZ, 85301-5427, US

Summers Point

Asset Description

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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Attributes

Number of units
164
Year built
1980
Year renovated
2023

Media

Investment Highlights

  • 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 
Summers Point 4_Property for Sale
Summers Point 4_Property for Sale

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Last updated
28 Apr 2025