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1621 W Denton Ln
Phoenix, AZ 85015
Aurora Villas · Multifamily Property For Sale
·
28 Units
Investment Highlights
- Extensively Renovated Interiors with Premium Finishes and In-Suite Washer/Dryers
- May be Purchased Individually or as a Portfolio with Aurora 22 and M Square (76 Total Units, $13,795,000 Total Price)
- Dynamic Midtown Phoenix Location with Access to Top Retail Destinations
- 1985 Construction | Individually Metered
- Majority Two-Bedroom Floorplans
Executive Summary
JLL is pleased to introduce Aurora Villas, a 28-unit garden-style apartment community located in a desirable central Phoenix neighborhood. This charming low maintenance community shows great pride of ownership with premium interior finishes. The property was built in 1985 and has been extensively renovated by current ownership. Interior units feature premium finishes including white shaker cabinetry with matte black hardware, quartz countertops, decorative tile backsplashes, vinyl plank flooring, stainless steel appliances and in-suite washers/dryers. The property is comprised of majority two-bedroom/one-bath floor plans that average 789 square feet. Aurora Villas 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 Villas provides a compelling investment opportunity to buy a recently renovated asset within an affordable submarket that is well positioned for future rent growth.
Property Facts
| Price Per Unit | $199,821 | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 20,250 SF |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M-H - Residential | ||
| Price Per Unit | $199,821 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 20,250 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2020 |
| Parking Ratio | 1.98/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-H - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- Laundry Facilities
- Grill
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,175 | 605 |
| 2+1 | 8 | $1,400 | 750 |
| 2+2 | 10 | $1,470 | 820 |
Property Taxes
| Parcel Number | 156-39-008A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102,949 |
Property Taxes
Parcel Number
156-39-008A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102,949
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