This property is Off-Market

5235 N. 43rd Avenue
Phoenix, AZ 85019 ·

100 Units · Multifamily For Sale

N/A

Print

Oasis West

Price N/A Property Use Type Investment
No. Units 100 Cap Rate 9.52%
Building Size 84,520 SF No. Stories 2
Property Type Multifamily Year Built 1972
Property Sub-type Garden/Low-Rise
Listing ID: 17391959 Date Created: 10/27/2011 Last Updated: 12/05/2011

Description

Oasis West is a 100-unit garden-style apartment community located in Phoenix, Arizona. The property has great curb-appeal and tremendous frontage along 43rd Avenue just north of Camelback Road. The community is located just one block west of Grand Canyon University which has recently gone through a $60 million dollar renovation providing a great benefit to the local submarket through added employment and educational opportunities. In addition, the community is within walking distance of Sevilla West Elementary School making it convenient for residents and their families.

Oasis West was built in 1972 of block construction of single and two-story buildings situated on 4.33 acres. The property has a great unit mix consisting of 20 one-bedroom units, 60 two-bedroom units, and 20 three-bedroom units. Residents enjoy large interior courtyards with lush lawns, a swimming pool, playground, laundry facility, security access gates, outside storage, and large private patios and balconies. Recent major improvements have been made to the property including new roofs (with ten- year warranty) and re-plastering and installation of dual drains in the swimming pool, and renovating units with new flooring and appliances.

Oasis West represents the opportunity for an investor to purchase well-located, garden-style apartment community with a great unit mix of large 1, 2, and 3 bedroom units. Furthermore, with new financing available, an investor can achieve a 14%+ cash-on-cash return.

FOR PROPERTY TOURS PLEASE CONTACT LISTING AGENT

Highlights

  • Large 1, 2, and 3 Bedroom Units
  • Private Patios and Balconies
  • Tremendous Frontage and Curb-Appeal
  • Recent Renovations
  • Walking Distance to Elementary School
  • Near Grand Canyon University

Research

5235 N. 43rd Avenue, Phoenix, AZ 85019 (Maricopa County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Phoenix Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)