Historical Multifamily Sale Listing - Oasis West

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Oasis West

5235 N. 43rd Avenue, Phoenix, AZ 85019

N/A

100 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
100
Building Size:
84,520 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.52%
No. Stories:
2
Year Built:
1972
Listing ID
17391959
Last Updated
over 1 year ago

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

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

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

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Created 10/27/2011