2015 N 50th St
Phoenix, AZ 85008
Zen On 50 · Multifamily Property For Sale
·
55 Units
Property Facts
| No. Units | 55 | Building Size | 61,168 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2018 |
| Building Class | B | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 3.61 AC | ||
| Zoning | R-3 | ||
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.61 AC |
| Building Size | 61,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Double Vanities
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Deck
- Island Kitchen
- Pantry
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Pool
- Spa
- Gated
- Grill
- Pet Play Area
- Car Charging Station
- Zen Garden
About 2015 N 50TH ST , PHOENIX, AZ 85008
GPCI Multifamily is pleased to offer for sale ZEN on 50, a gated 3.4 acre new construction community of 55 rental townhomes located in a dynamic, central sub market of Phoenix, Arizona. Each contemporary, two story townhome boasts either two or three bedrooms averaging 1,164 SF of open concept living with attached two car garages, three outdoor patio areas, stainless steel appliances and in suite laundry rooms. All units are individually metered for both power and water and individually platted providing an optional exit strategy of future single sale divestment. Common area amenities include a resort style pool with spa, fitness studio, BBQ area and built in conversation fire pit area. Electric car hookups, dog park and a serene Zen garden further enhance the desirability of Zen on 50 living. Demand for rentals is supported by many large nearby employers such as ON Semiconductor, Arizona State University, State Farm, Skysong and Phoenix Sky Harbor airport all within five miles of the community. ZEN on 50 provides tenants a secure, well located suburban retreat that is convenient with vista views, active lifestyle amenities, proximity to hiking and biking and the overall appeal of living near the trendy suburbs of Scottsdale, North Tempe and South Arcadia. Currently in final lease up phase. Property is over 70% occupied with final units completed end of September. A solid turn key investment in strong Central growth area of Phoenix.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 39 | $1,625 | 1,040 |
| 3+3 | 16 | $1,925 | 1,288 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $200 | Total Assessment | $624,210 |
Property Taxes
