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2322 W Thomas Rd
Phoenix, AZ 85015
Courtyard at Encanto Apartments · Multifamily Property For Sale
·
160 Units
PROPERTY FACTS
| No. Units | 160 | Building Size | 82,450 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1979/2014 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Lot Size | 3.14 AC | ||
| Zoning | PAD 14, Phoenix | ||
| No. Units | 160 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 82,450 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2014 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | PAD 14, Phoenix |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Gated
- Basketball Court
- Grill
- Laundry Service
- Maintenance on site
- Sundeck
ABOUT 2322 W THOMAS RD , PHOENIX, AZ 85015
Berkadia is pleased to present the exclusive offering of Courtyard at Encanto, a 160-unit garden-style apartment community located in Phoenix, AZ. The community is located west of the historic Encanto neighborhood of Central Phoenix and the Central Avenue Office Corridor. The community benefits from excellent street exposure along Thomas Road and having no immediate rental competition between 23rd Avenue and Central Avenue along Thomas Road. Consisting of studio and one-bedroom/one-bathroom apartments averaging 518 square feet, this one and two-story garden-style community delivers residents attractive living at affordable rental rates. Courtyard at Encanto currently offers asking rents of $525-$545 for studio apartments and $615 - $645 for one-bedrooms. These market rates are an increase over the average effective rents on studios of $60 dollars and one-bedrooms of over $100 dollars. In additional to this loss to lease the community currently offers renovated apartments that command a $30-$50 premium over the classic units. Courtyard at Encanto is convenient to both economic and lifestyle demand drivers. Located minutes west of the Metro Light Rail, the Central Avenue Office Corridor (6,000,000 square feet), Phoenix College, and Encanto Park and Golf Course, the community allows residents to live an urban lifestyle. EMPLOYMENT Locally Owned and Operated Businesses Appeal to Demographic Shops, restaurants, bars, art galleries 60,000+ jobs along Central Avenue Corridor 10 minutes to/from major employment
PROPERTY TAXES
| Parcel Number | 110-36-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $372,319 |
PROPERTY TAXES
