6603 N 65th Ave, Glendale, AZ, 85301-3751, US

Park Villas

Asset description

JLL is proud to present Park Villas, a distinctive 205-unit community in Glendale, Arizona, offering an exciting value-add opportunity. The Property consists of 41 buildings arranged as 4-plexes across six parcels, featuring a diverse unit mix with an average size of 872 square feet.

The current owners have invested substantially in Park Villas, breathing new life into the property. In 2024, they completed a comprehensive modernization of the exterior and common areas. Additionally, over $4.6 million has been allocated to enhancing amenities,

upgrading plumbing and electrical systems, addressing deferred maintenance, and more. These improvements position Park Villas as a well-maintained asset with significant upside potential, especially when compared to properties of similar age.

Park Villas is ideally situated in a desirable area of Glendale, a city experiencing rapid growth and development. Billions of dollars have been 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.

This Property represents an exceptional opportunity to acquire a revitalized community in a thriving market, poised for continued growth and appreciation.

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