16801 N 31st St
Phoenix, AZ 85032
Alara Azul · Multifamily Property For Sale · 28 Units

Taylor Street Real Estate Advisors is pleased to announce the exclusive opportunity to acquire Willowood Square, a 28 unit multifamily investment located within North Phoenix and the Paradise Valley area. This particular submarket boasts a deep resident pool, high demand for class "B" and "C" multifamily, and strengthening employment demographics. Willowood Square has an attractive unit mix of 10 one-bedroom and one-bath, and 18 two-bedrooms and two-bath units. Willowood Square is a 1985 constructed, 4 building, two story asset. The 28 units are organized around community amenities such as a courtyard, pool, on site laundry facility, on site leasing office, and a large array of parking options. The asset is located within the Paradise Valley Village, a relatively small submarket in Phoenix, consisting of approximately 6,200 multifamily units. The submarkets inventory is slightly more skewed to mid-range 3 Star assets compared to Phoenix as a whole. More than 50% is comprised of 3 Star assets, while nearly 30% is 4 & 5 Star. Most of the apartment complexes are located in the southern portion of the submarket, with a concentration to the west of N 32nd Street, between E Bell Road and E Greenway Road. The submarket's inventory leans toward the older side, with almost 80% of the multifamily properties delivered more than 20 years ago.