Log In/Sign Up
Your email has been sent.
2032 W Orangewood Ave
Phoenix, AZ 85021
Bougainvillea Garden Apartments · Multifamily Property For Sale
·
31 Units
Executive Summary
Bougainvillea Garden Apartments is a 31-unit singlestory
garden-style multifamily community located
in a desirable north Phoenix neighborhood with over
13-years of continuous ownership. The property was
built in 1964 and is made of block construction with
built up foam roofs and is individually metered for
electricity.
The unit mix is comprised of 97% Two-Bedroom/
One-Bathroom floor plans that average 860 square
feet and feature classic finish levels. All units have a
large private front patio. This low-density community
has an oversized courtyard and is situated on 2.36
Acres (13.14 Units/Acre).
Bougainvillea Garden Apartments offers an investor
the rare opportunity to acquire an untouched asset
with significant value-add/rebranding potential as
the community has not undergone any significant
renovations and all the unit finish levels are of a classic
scope. Renovated properties within the competitive
landscape achieve rent premiums up to $300 per
month higher than the subject property. In addition,
the offering is attractively priced at $148,387 per
unit and $175 per square foot, significantly below the
metro Phoenix average.
garden-style multifamily community located
in a desirable north Phoenix neighborhood with over
13-years of continuous ownership. The property was
built in 1964 and is made of block construction with
built up foam roofs and is individually metered for
electricity.
The unit mix is comprised of 97% Two-Bedroom/
One-Bathroom floor plans that average 860 square
feet and feature classic finish levels. All units have a
large private front patio. This low-density community
has an oversized courtyard and is situated on 2.36
Acres (13.14 Units/Acre).
Bougainvillea Garden Apartments offers an investor
the rare opportunity to acquire an untouched asset
with significant value-add/rebranding potential as
the community has not undergone any significant
renovations and all the unit finish levels are of a classic
scope. Renovated properties within the competitive
landscape achieve rent premiums up to $300 per
month higher than the subject property. In addition,
the offering is attractively priced at $148,387 per
unit and $175 per square foot, significantly below the
metro Phoenix average.
Property Facts
| Price Per Unit | $148,387 | Lot Size | 2.36 AC |
| Sale Type | Investment | Building Size | 26,350 SF |
| No. Units | 31 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Garden | Parking Ratio | 3.42/1,000 SF |
| Building Class | C | ||
| Zoning | M-M | ||
| Price Per Unit | $148,387 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.36 AC |
| Building Size | 26,350 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 3.42/1,000 SF |
| Zoning | M-M |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Grill
- Patio
Site Amenities
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Grill
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 550 |
| 2+1 | 30 | - | 860 |
Property Taxes
| Parcel Number | 157-19-031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $133,596 |
Property Taxes
Parcel Number
157-19-031
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$133,596
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
