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1545 W Denton Ln
Phoenix, AZ 85015
Aurora 22 · Multifamily Property For Sale
·
22 Units
Investment Highlights
- Extensively Renovated Interiors with Premium Finishes and In-Suite Washer/Dryers (select units)
- May be Purchased Individually or as a Portfolio with Aurora Villas and M Square (76 Total Units, $13,795,000 Total Price)
- Mid-Century Design | Pride of Ownership
- 1984 Construction | Individually Metered
- Majority Two-Bedroom Floorplans that Average 850 Square Feet
- Access to Major Employment Centers and Transportation
Executive Summary
JLL is pleased to introduce Aurora 22, a 22-unit garden-style apartment community located in a desirable Phoenix neighborhood. This charming low maintenance community shows great pride of ownership with a clean contemporary design and premium interior finishes. The property was built in 1984 and has been extensively renovated by current ownership. Interior units feature premium finishes including white shaker cabinetry with matte black finish hardware, quartz countertops, vinyl plank flooring, and stainless-steel appliances. The property is comprised of majority two-bedroom/one bath floor plans that average 850 square feet. Aurora 22 is located within proximity to the Phoenix Metro Light Rail, exciting amenities, renowned schools and is situated near some of the highest demographic neighborhoods within the Phoenix MSA. Aurora 22 provides a compelling investment opportunity to buy a recently renovated asset within an affordable submarket that is well positioned to tolerate rental increases.
Property Facts
| Price Per Unit | $154,545 | Lot Size | 0.74 AC |
| Sale Type | Investment | Building Size | 16,700 SF |
| No. Units | 22 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1984/2020 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R-4, M-H | ||
| Price Per Unit | $154,545 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 16,700 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2020 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, M-H |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,100 | 650 |
| 2+1 | 12 | $1,275 | 850 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,621 | Total Assessment | $68,576 |
Property Taxes
Parcel Numbers
Land Assessment
$1,621
Improvements Assessment
$0
Total Assessment
$68,576
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