This property is Off-Market

1503 W. Missouri Ave.
Phoenix, AZ 85015 ·

26 Units · Multifamily For Sale

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Missouri Manor

Price N/A Distressed Yes
No. Units 26 Commission Split 3%
Building Size 21,500 SF No. Stories 2
Property Type Multifamily Year Built 1967
Property Sub-type Garden/Low-Rise Lot Size 0.78 AC
Property Use Type Investment APN / Parcel ID 156-39-025
Listing ID: 16850504 Date Created: 09/27/2010 Last Updated: 12/01/2010

Description

Missouri Manor is a two-story apartment community built in 1967, comprising 26 rental units. The unit mix consists of 31% onebedroom and 69% two-bedroom/two bath units. Construction is of concrete block and built-up roofs. Heating and cooling are 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 are the responsibility of the resident. The cost of water, sewer charges and trash collection is the responsibility of the property owner.

Community amenities include a shimmering blue swimming pool, vending machine, and covered parking for residents. There is a laundry facility on-site. Unit interiors were upgraded by the previous owner less than two years ago. The exterior of the property has been recently painted and is in good condition. The manager lives on-site for the convenience of the residents.

The two buildings of Missouri Manor are constructed on a rectangular site comprising approximately 0.78 acres, and provide 21,500 rentable square feet.

Missouri Manor is located at 1503 W. Missouri Avenue in Phoenix, Arizona. The property is situated on the southwest corner of Missouri Avenue and 15th Avenue, one-half mile north of Camelback Road, a major east-west troughfare running through Phoenix, Arizona. The highly desirable Camelback Corridor is home to Phoenix' s prominent retail and entertainment venues. Employment opportunities are concentrated along Central Avenue and continuing on into Phoenix' s downtown district. Christown Spectrum Mall is within walking distance of the property, providing residents employment opportunities and entertainment/retail destinations. Christown Spectrum Mall has big box retailers
Wal-Mart, Target and Costco. Missouri Manor is also convenient to public transportation, with bus service provided along Camelback Road, and the convenient Metro Light Rail System running along Camelback Road, one-half mile to the south.

The area immediately surrounding Missouri Manor is comprised of a wide range of property uses, but is primarily residential in composition. In addition to residential properties, areas to the north and south consist of large commercial and retail centers.

Highlights

  • Townhouse style apartments
  • Close to Spectrum Mall, Salona Elementary School, and the Valley METRO light rail station
  • Individually metered, block construction and on-site laundry facility

Research

1503 W. Missouri Ave., Phoenix, AZ 85015 (Maricopa County)

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