This Multifamily Property is Off-Market.

110 W. Maryland Ave.
Phoenix, AZ 85013 ·

32 Units · Multifamily For Sale

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Maryland Plaza

Price N/A Property Use Type Investment
No. Units 32 No. Stories 2
Building Size 26,000 SF Year Built 1957
Property Type Multifamily Lot Size 1.13 AC
Property Sub-type Garden/Low-Rise APN / Parcel ID 161-27-039, -040
Listing ID: 16801548 Date Created: 08/17/2010 Last Updated: 03/14/2011

Description

Maryland Plaza Apartments is a two-story apartment community built in 1957, comprising 32 rental units. The unit mix is approximately 63% one-bedroom and 37% two-bedroom units. Construction is of block, with flat built-up roofs. Heating and cooling is provided by individual roof-mounted air conditioning units. The property is individually-metered for electricity, and the costs associated with usage inside the dwelling units is the responsibility of the residents. The cost of water, sewer charges, and trash collection is the responsibility of the property' s owner.

The buildings at Maryland Plaza are situated surrounding a courtyard which contains a swimming pool, spa deck, and mature desert landscaping. Common amenities also include an on-site laundry facility, barbeque areas, and 32 parking spaces along the north side of the property. Unit amenities include full-size kitchen appliances, cable TV hook-ups, and private patios in select units.
A separate rental office is located at the entrance to the property visible from Maryland Avenue.

Maryland Plaza Apartments is located at 110-118 W. Maryland Avenue in Phoenix. The property is situated one block west of Central Avenue, a major north-south thoroughfare running through Phoenix. The immediate neighborhood can best be described as an upper-middle-income community. Demand generators located in the vicinity of Maryland Plaza include churches, public schools and parks, shopping centers, and regional malls. Major retail centers in close proximity are: Biltmore Fashion Park, Colonnade Shopping Center, and Town and Country Shopping Center offering residents convenient access to big-box anchors including Best Buy, Macy' s, AMC Theaters, and Fry' s
Food Grocery Store. Maryland Plaza Apartments is also convenient to public transportation, with bus service and METRO light rail beginning on Camelback and along Central Avenue.

The area immediately surrounding Maryland Plaza Apartments is comprised of a wide range of property uses, but is primarily residential in composition. Madison Meadows Elementary School and Church for the Nations are located within walking distance to the north and south from the subject property.

Highlights

  • Irreplaceable North Central Corridor Location
  • Ease of commuite with proximity to METRO light rail and bus service
  • Individual electric meters
  • Desert landscaping
  • Block Contruction

Research

110 W. Maryland Ave., Phoenix, AZ 85013 (Maricopa County)

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