This Multifamily Property is Off-Market.

9423 N. 17th Avenue
Phoenix, AZ 85021 ·

72 Units · Multifamily For Sale

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Palm Meadows

Price N/A Cap Rate 8.50%
No. Units 72 No. Stories 3
Building Size 52,200 SF Year Built 1984
Property Type Multifamily Lot Size 1.50 AC
Property Sub-type Garden/Low-Rise Parking Ratio 1.43 / 1,000 SF
Property Use Type Investment
Listing ID: 16788193 Date Created: 08/06/2010 Last Updated: 10/05/2010

Description

$18,750/UNIT FOR 1984 CONSTRUCTED MAJORITY 2 BEDROOMS. Apartment Realty Advisors is pleased to announce the availability of Palm Meadows, a 72 unit apartment community located in the heart of Central Phoenix, Arizona. The property consists of approximately 1.5 acres of mature landscape and is situated in an established neighborhood, predominantly surrounded by single-family homes and is near the North Mountain Preserve. The property was constructed in 1984 of block and stucco construction with built up roofs and is individually metered for electricity. This garden style community is centered around an attractive courtyard featuring a sparkling pool, ramada, playground and barbecue area. The community is comprised of one and two bedroom floor plans featuring full kitchens with dishwasher, disposal, stove, frost-free refrigerators and a breakfast bar. The units feature solid core entry door with viewer, lighted entry, ceramic tile floors, ample closet space, and vertical and mini blinds.

Palm Meadows represents the opportunity to purchase a majority two bedroom, 1980' s constructed, garden-style community, priced below $20,000/unit.

Highlights

  • $18,750/UNIT
  • 1984 Construction/Individually Metered
  • 75% 2 Bedroom Units
  • Gated Community
  • Ceramic Tile Flooring
  • Walking Distance to Elementary School

Research

9423 N. 17th Avenue, Phoenix, AZ 85021 (Maricopa County)

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