2507 W Maryland Ave
Phoenix, AZ 85017
Canyon Greens · Multifamily Property For Sale
·
22 Units
Property Facts
| No. Units | 22 | Lot Size | 0.53 AC |
| Property Type | Multifamily | Building Size | 14,753 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Zoning | R-5, Phoenix - Residential | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 14,753 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | R-5, Phoenix - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Tile Floors
- Eat-in Kitchen
Site Amenities
- Laundry Facilities
- Picnic Area
- Security System
About 2507 W MARYLAND AVE , PHOENIX, AZ 85017
Maryland Palms is a 22-unit garden-style apartment community located in a desirable Phoenix location. The property is situated on Maryland Avenue just west of the Black Canyon Freeway. The subject property is adjacent to the Black Canyon Corridor that includes more than ±5.155M SF of office space, with major employers like Blue Cross Blue Shield of Arizona, General Dynamics Information Technology, and Waste Management of Arizona, Inc. Built in 1965, the property is made of block construction with built-up foam roofs and is individually-metered for electricity. The unit mix is comprised of studio, one bedroom and two-bedroom/two-bath floor plans that are extremely spacious, very well designed and range in size from 450 to 1100 square feet. Interior unit features include fully appointed kitchens with electric appliances, ceramic tile flooring, ample closet space and vertical blinds. The property is situated on approximately 0.53 acres and has attractive desert landscaping with low water use plants. Exterior amenities include a sparkling swimming pool with barbecue and seating areas, exterior lighting, and an onsite laundry facility. Maryland Palms offers an investor an opportunity to purchase in an improving sub-market that has demonstrated strong effective rent growth.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $575.00 | 450 |
| 1+1 | 19 | $675.00 | 637 |
| 2+2 | 2 | $775.00 | 1,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $771 | Total Assessment | $52,057 |
Property Taxes
