This Multifamily Property is Off-Market.

6340 North 16th Street
Phoenix, AZ 85016 ·

117 Units · Multifamily For Sale

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Bridgewater Apartments

Price N/A Property Use Type Investment
No. Units 117 Cap Rate 5.92%
Building Size 50,186 SF Year Built 1969
Property Type Multifamily Lot Size 2.17 AC
Property Sub-type Garden/Low-Rise APN / Parcel ID 161-09-002
Listing ID: 14701518 Date Created: 07/12/2006 Last Updated: 08/29/2006

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.

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

Research

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

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