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Macallister Apartments 2016 W Orangewood Ave 24 Unit Apartment Building $4,550,000 ($189,583/Unit) Phoenix, AZ 85021

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EXECUTIVE SUMMARY

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Macallister, a 24-unit apartment community, just north of the Glendale Avenue and 19th Avenue intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management.
Developed in 2018, Macallister is comprised of 12 studios (50%), 8 one-bedroom (33%), and 4 two-bedroom (17%) floorplans, offering an average of 700 square feet. All units feature attractive amenities including 9-foot ceilings, balconies/patios (select units), in-suite washer/dryers, stainless steel appliances, and granite countertops.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $4,550,000
Price Per Unit $189,583
Sale Type Investment
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.78 AC
Building Size 16,792 SF
No. Stories 2
Year Built 2018
Zoning R-4

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 12 - 560
1+1 8 - 734
2+2 4 - 1,050

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
157-19-140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$185,121
  • Listing ID: 35282072

  • Date on Market: 3/27/2025

  • Last Updated:

  • Address: 2016 W Orangewood Ave, Phoenix, AZ 85021

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