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North 27th Street

Phoenix, Arizona 85016

Buyer Protocol: MFA, NCND, LOI, POF and Buyers Bio. Here’s a very nice Class B property that I’d like to share with you. Multiple exit strategies, could be condo mapped down the road. It has great curb appeal, gated community with lush landscaping, an inviting courtyard, sparkling pool, remodeled leasing office, and a nice clubhouse. Price: $5,920,000 plus 3% No. Units: 138 Unit Mix: 54- 1/1 (541 sq ft), 39-2/2 (770 sq ft), 45- 2/2 (835 sq ft) Price/Unit: $42,899 Price/Sq. Ft: $61 Property Sub-Type: Garden Apartments Cap Rate: 6.5% Occupancy: 83% No. Stories: 2 Year Built: 1985 Lot Size: 3.92 Acres Avg. Rents: 1/1 = $525, 2/2 = $650, Highlights · Individual HVAC units · Swimming pool · Covered parking · Quiet neighborhood settings. · Nearby Restaurant and retail opportunities within walking distance Description Value–add opportunity for Amber Ridge – interior upgrades such as new appliances, tile or wood vinyl flooring, lighting fixtures, cabinet resurfacing and hardware, and new countertops in kitchens/bathrooms are becoming a great source of rent growth in many properties around the Valley today. Amber Ridge offers residents a strong mix of spacious one and two-bedroom Floor plans with potential for improvement. The community’s location gives residents convenient access to SR-51, The Biltmore Fashion Park, The Esplanade, Camelback Collonade, Town and Country Shopping Center, Fry’s Marketplace, three cinema complexes, 24-hour fitness, LA Fitness and numerous public parks.

Property Info

Beds 9
Baths 9
Sqft (Living) 139392 sq ft.
Sqft (Lot) 139392 sq ft.
Year Built 1985
Deal Type Wholesale
Property Type Multi-Family
ARV $6,000,000
Building Block Construction

Location