Residential Financing Available Maple Leaf is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. They are all individually metered forelectricity and feel very secure with the buildings on the property surroundinga quaint, quiet central courtyard. The units have been very well-maintainedover the years and many of the units have received many recent upgradesincluding new carpet, appliances, fixtures, etc. Most of the units have seensome level of updating over the past year with a few original units withlong-term tenants. Value-add opportunities exist through additional updatingand increased rents. This property sits on four separate parcels allowing foran investor to get four separate residential loans if theywant. This is a great, centrally located, bite-sized deal that has historically maintained very low vacancy and should continue to perform well into the future. Maple Leaf Apartments is a 14-unit apartment property located in the heart of Phoenix. The property is comprised of 2 different fourplexes and 2 different triplexes with each building being on a separate parcel allowing for individual residential loans if someone desired. The units are all good size, with a great unit mix of (4) 1-bed / 1-bath (Approx. 692 SF each), (8) 2-bed / 1-bath (Approx. 910 SF each), and (2) 3-bed / 2-bath (Approx. 1,270 SF each). The property is also in the opportunity zone, so there should be more positive activity happening in the area over the next few years. The property is about 1/3 of a mile to the Abrazo Central Campus hospital and a little over a half mile to the light rail and the Christown Spectrum Mall (Target, Costco, Walmart, Harkins Theatres, etc.). It is also about 1.5 miles to Grand Canyon University. The location is extremely central and allows residents to enjoy, with ease, so much of what Central Phoenix has to offer. With many dining, shopping, and entertainment options, as well as the I-17 Freeway within minutes (1/4 of a mile away), Maple Leaf Apartments is an attractive investment opportunity and an extremely desirable property for residents to live.
|--||New Value: $2,050,000|
|1/21/2020 12:05:00 PM|