This Multifamily Property is no longer advertised on LoopNet.com.
1617 E Apache Blvd
Apache Lofts · Multifamily Property For Sale
·
62 Units
INVESTMENT HIGHLIGHTS
Significant capital has been put into the property including new roof, new electrical, new HVAC systems, new air handlers, and more
All units also encompass baseboards, subway tile backsplash and smart home tech package inclusive of video doorbells, Wi-Fi package and smart locks
Located only 1 mile from Arizona State University, adjacent to the Valley Metro Rail and Tempe Streetcar, located in an opportunity zone
All units have new washers and dryers, new cabinets with modern hardware pulls, new countertops, stainless-steel appliances and new flooring
Apache Lofts is the most affordable property in the submarket and fully occupied with rents more than $600 below nearby class A apartments
Over 1,000,000 jobs located within a 30-minute commute, including 10 minutes to Sky Harbor Airport
PROPERTY FACTS
No. Units
62
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
B
Lot Size
0.91 AC
Building Size
62,000 SF
Average Occupancy
98%
No. Stories
3
Year Built
1968
Parking Ratio
2.05/1,000 SF
Zoning
CSS, Tempe - Commercial high density
AMENITIES
UNIT AMENITIES
Storage Space Washer/Dryer Heating
Granite Countertops Hardwood Floors
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
41
$1,107
450
1+1
21
$1,378
560
PROPERTY TAXES
Parcel Numbers
Multiple
Improvements Assessment
$0
Land Assessment
$20,644
Total Assessment
$207,563
