Aire Libre Apartments 16437 N 31st St 80 Unit Apartment Building $12,000,000 ($150,000/Unit) Phoenix, AZ 85032

Aire Libre Apartments is an 80-unit garden-style apartment community located in the northeast submarket of Phoenix, AZ. Situated just off of the intersection of two major thoroughfares, 32nd Street and Bell Road, residents enjoy direct access to all areas of the Phoenix Valley by way of the Piestewa Freeway (State Route 51), the Pima Freeway (Loop 101), and the Black Canyon Freeway (Interstate 17). In addition, there are numerous dining and entertainment options in close proximity to the property, including Desert Ridge Marketplace, one of the most popular retail power centers in the Phoenix Metro with 1.2 million square feet of retail space and the Kierland Commons, an upscale lifestyle center featuring more than 70 high-end specialty stores and restaurants on 437,000 square feet in an upscale main-street format.
Built in 1985, the property is constructed from wood frame and stucco. The unit mix consists of one studio unit, 19 one-bedroom / one-bath units, and 60 two-bedroom / one-bath units with a weighted 729 SF average. Each unit is individually metered for electricity and equipped with air conditioning / heating, refrigerator, garbage disposal, range / oven, vinyl wood flooring, as well as cable and high speed internet access. The community also provides its residents with a swimming pool, spa, laundry facility, children’s playground, barbecue grills and picnic area, as well as ample open and covered parking.
Significant nearby employers include the Mayo Clinic, Paradise Valley Community College, Abrazo Scottsdale Campus, Deer Valley Airport / Airpark, Farmers Insurance, American Express, USAA, Discover, and PetSmart.