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1601 W Missouri Ave
Phoenix, AZ 85015
M Square · Multifamily Property For Sale
·
26 Units
Investment Highlights
- Extensively Renovated Interiors with Premium Finishes and In-Suite Washers/Dryers (select units)
- May be Purchased Individually or as a Portfolio with Aurora Villas and Aurora 22 (76 Total Units, $13,795,000 Total Price)
- Majority Two-Bedroom Floorplans that average 900 Square Feet
- Individually Metered | 1979 Construction
- Dynamic Midtown Phoenix Location with Access to Top Retail Destinations
Executive Summary
JLL is pleased to introduce M Square, a 26-unit garden-style apartment community located in a desirable Phoenix neighborhood. This charming low maintenance community shows great pride of ownership with premium interior finishes. The property was built in 1979 and has been extensively renovated by current ownership. Interior units feature premium finishes including white shaker cabinetry with brushed nickel hardware, quartz countertops, vinyl plank flooring, stainless steel appliances and in suite washers/dryers (select units). The property is comprised of majority two bedroom/one-bath floor plans that average 900 square feet. M Square 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. M Square provides a compelling investment opportunity to acquire a recently renovated asset within an affordable submarket that is well positioned to tolerate rental increases.
Property Facts
| Price Per Unit | $184,615 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 20,700 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-4, Phoenix | ||
| Price Per Unit | $184,615 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 20,700 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.69/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Phoenix |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,050 | 630 |
| 2+1 | 16 | $1,200 | 900 |
Property Taxes
| Parcel Number | 156-39-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $80,258 |
Property Taxes
Parcel Number
156-39-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$80,258
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