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- LoopNet Team
1914 W Hayward Ave
Phoenix, AZ 85021
The Oasis · Multifamily Property For Sale
·
26 Units
Investment Highlights
- All 2 bedroom units
- Central courtyard and community pool
- Close to Abrazo Central Campus, GCU and Christown Spectrum Mall
- In suite laundry and large, private patios
- Condo mapped units
Property Facts
| No. Units | 26 | Lot Size | 1.68 AC |
| Property Type | Multifamily | Building Size | 20,332 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1968/2019 |
| Zoning | C-O | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 20,332 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2019 |
| Zoning | C-O |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
About 1914 W HAYWARD AVE , PHOENIX, AZ 85021
REI Marketing is pleased to offer for sale The Oasis, a community of 26 upgraded apartment units in North Central Phoenix adjacent to the Valley Metro Light Rail. The Oasis is a gated community located in North Central Phoenix. Built in 1968 and renovated in 2018/2019, the 1.6 acre property is comprised of tastefully upgraded, spacious two bedroom/one bathroom units that are condo mapped. All units are individually metered for electricity, feature in-suite laundry, and have large, private patios that face a central courtyard and pool area. Improvements made over 2018- 2019 include upgrades to both the exterior of the property and all unit interiors. Current ownership has leveraged this spend to deliver increased rental rates of $150-200 per unit with further opportunity to increase rents as leases expire. The Oasis is conveniently located in North Central Phoenix within close proximity to healthcare, education and employment. The 216 bed Abrazo Central Campus is located just a few miles south of The Oasis and is recognized as one of the key employment sectors in the Northwest Phoenix Submarket. Grand Canyon University is also located to the Southwest with active plans to hire 1,000+ new employees by 2020 year end. Various major retail hubs are located nearby with Christown Spectrum mall located just two miles south of the property anchored by Costco Wholesale, Super Target and Walmart.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 26 | - | 782 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $71 | Total Assessment | $49,485 |
Property Taxes
