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1320 E Highland Ave
Phoenix, AZ 85014
Partenza on Highland · Multifamily Property For Sale
·
73 Units
Investment Highlights
- Desirable Uptown Phoenix Location with High Barriers to Entry
- 100% Two-Bedroom Floor Plans that Average 790 Square Feet
- Excellent Nearby Amenities Including Uptown Plaza, Park Central Mall, and Downtown Phoenix
- Value-Add Potential Through Interior Renovations
- Single-Story with Private Front and Back Yards
- 20-Years of Continuous Ownership
Executive Summary
JLL is pleased to introduce The Phoenix 6, a six-property, 393-unit, multifamily portfolio strategically positioned across three of Phoenix’s most coveted submarkets — the Papago Park corridor, the Biltmore/Arcadia district, and Midtown Phoenix with an average of 16+ Years of Continuous Ownership. The Portfolio is comprised of five distinct offerings: Papago Gardens and The Villas at Papago, a two-property assemblage situated on contiguous parcels along the North 48th Street corridor; Santorini Villas, also along the 48th Street corridor; Camelback Courtyard and Cactus Canyon within the prestigious Biltmore and Arcadia neighborhoods; and Partenza on Highland, situated in the heart of Uptown Phoenix. The Portfolio consists of nearly 80% two-bedroom floor plans and additionally offers studios, one-, two-, and three-bedroom floor plans, providing broad renter demographic appeal and diversification across asset types and locations.
Property Facts
| Sale Type | Investment | Lot Size | 1.27 AC |
| No. Units | 73 | Building Size | 57,670 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Garden | Parking Ratio | 1.39/1,000 SF |
| Building Class | C | ||
| Zoning | R-4, Phoenix | ||
| Sale Type | Investment |
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 57,670 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R-4, Phoenix |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Yard
Site Amenities
- Controlled Access
- Courtyard
- Fitness Center
- Pool
- Property Manager on Site
- Gated
- Package Service
- Recycling
- Renters Insurance Program
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 73 | - | 880 |
Property Taxes
| Parcel Number | 155-10-157 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,212 |
Property Taxes
Parcel Number
155-10-157
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,212
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