1835 E Don Carlos Ave | Tempe, AZ 85281
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- LoopNet Team
1835 E Don Carlos Ave
Tempe, AZ 85281
The Atrium · Multifamily Property For Sale
·
39 Units
INVESTMENT HIGHLIGHTS
- Dynamic North Tempe Location with High Barriers to Entry
- Value-Add Upside Through a Market-Level Interior Renovation and Installing In-Suite Washers and Dryers
- Strong Area Fundamentals (Submarket Rents Averaged ±$1,432 and Increased 9.15% Year-Over-Year)
- Attractive Resort-Style Grounds with a Large Sparkling Swimming Pool
- Updated Communities in the Competitive Rental Set Achieve Premiums of ±$200/Unit
- Nearby Arizona State University – Tempe With On-Campus Enrollment Exceeding 54,000
PROPERTY FACTS
| No. Units | 39 | Lot Size | 0.94 AC |
| Property Type | Multifamily | Building Size | 21,945 SF |
| Property Subtype | Apartment | Average Occupancy | 56% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1972/2012 |
| Zoning | R-4 | ||
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 21,945 SF |
| Average Occupancy | 56% |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2012 |
| Zoning | R-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | - | 545 |
| 2+1 | 3 | - | 775 |
PROPERTY TAXES
| Parcel Number | 132-66-039B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $178,457 |
PROPERTY TAXES
Parcel Number
132-66-039B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$178,457
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