1617 E Apache Blvd | Tempe, AZ 85281
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- LoopNet Team
1617 E Apache Blvd
Tempe, AZ 85281
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 | Building Size | 62,000 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | B | Parking Ratio | 2.05/1,000 SF |
| Lot Size | 0.91 AC | ||
| Zoning | CSS, Tempe - Commercial high density | ||
| 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
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fitness Center
- Pool
- Grill
- Lounge
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 | Improvements Assessment | $0 | |
| Land Assessment | $20,644 | Total Assessment | $207,563 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,644
Improvements Assessment
$0
Total Assessment
$207,563
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