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Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

Multifamily Property For Sale

Canyon Woods

2524 West Glenrosa Avenue, Phoenix, AZ 85017

Price:
$8,064,000
No. Units:
224
Building Size:
143,808 SF
Price/Unit:
$36,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
4.43%
Lot Size:
7.01 AC
Find Out More...

Last Verified 11/17/2009 Listing ID 16428162

Highlights

224-Unit Garden-Style Apartment Complex, Built in 1984
Average Weighted Unit Size of Approximately 642 Square Feet

Unit Mix Includes 71 Percent One-Bedroom Units and 29 Percent Two-Bedroom Units

Description

Canyon Woods offers five different floor plans to prospective residents. The different floor plans include both one bedroom and two bedrooms units. The one-bedroom/one-bath units have a weighted-average square footage of 573 and the two-bedroom units average 815 square feet. Community amenities include two swimming pools and spas, courtyard with ramadas, barbecue grills, two laundry facilities and gated entry. Unit amenities private balcony or patio with extra storage, oversized closets, cable ready and high-speed Internet access.

The property is located at 2524 West Glenrosa Avenue in Phoenix, Arizona and is adjacent to the I-17 Freeway, Black Canyon Freeway. Residents are within minutes of a multitude of shopping, recreation and outdoor activities. Additionally, the major employment centers of the Valley, the Camelback Corridor and Downtown Phoenix, are within a short drive.

Unit Mix Information

Debt & Equity Information

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1Bdr 1Bath	32	$505	480
1Bdr 1Bath	64	$545	575
1Bdr 1Bath	64	$575	620
2Bdr 1Bath	32	$655	780
2Bdr 2Bath	32	$695	850

Map of 2524 West Glenrosa Avenue, Phoenix, AZ 85017 (Maricopa County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Norman Eastwood (972) 755-5200

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Created 10/12/2009

Additional Information for 2524 W Glenrosa Avenue, Phoenix, AZ 85017

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Canyon Woods

2524 West Glenrosa Avenue, Phoenix, AZ, 85017