Historical Multifamily Sale Listing - Bridgewater Apartments

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Bridgewater Apartments

6340 North 16th Street, Phoenix, AZ 85016

N/A

117 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
117
Building Size:
50,186 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.92%
Year Built:
1969
Lot Size:
2.17 AC
APN / Parcel ID:
161-09-002
Listing ID
14701518
Last Updated
over 1 year ago

Highlights

  • Commercial Zoned (C-2)
  • Outstanding Central Phoenix Neighborhood
  • Recent Chiller Repipe and Mechanical Replacements
  • Some Furnished Units
  • Convenient Access to Major Freeways
  • Full Surveillance

Description

REHAB OPPORTUNITY!

Built in 1969, Bridgewater is made of block construction with flat roofs and is master-metered for electricity. The community is comprised of five, two-and-one-half-story buildings and is situated on approximately 2.17 acres. The property offers a unit mix of (86) studios and (30) onebedroom
floor plans. Unit amenities include walk-in closets, mini-blinds and frost-free refrigerators. Community
amenities include lush mature landscaping, a sparkling swimming pool, on-site laundry facility, barbecue area, security patrol and ample parking. Current ownership has recently repiped the chillers and made improvements to the mechanical equipment.

Bridgewater is a 117-unit, garden-style apartment complex located in Phoenix, AZ, one of the fastest growing cities in the U.S. The subject property is located on 16th Street, a major north/south arterial just south of Maryland Avenue. This ideal location is north of the Camelback Corridor, an area known for its major employers, shopping, fine dining, high quality commercial and residential development, as well as the Arizona Biltmore Fashion Park. The property's close proximity to State Route 51 and the Loop 202 provides residents easy access to Downtown Phoenix and Sky Harbor International Airport.

Map of 6340 North 16th Street, Phoenix, AZ 85016 (Maricopa County)

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