2602 W Glenrosa Ave
Phoenix, AZ 85017
Radius Apartments · Multifamily Property For Sale
·
72 Units
Property Facts
| No. Units | 72 | Building Size | 32,600 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | C | Parking Ratio | 2.3/1,000 SF |
| Lot Size | 1.68 AC | ||
| Zoning | C-2 - Commercial | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 32,600 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | C-2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Online Services
- Walk-Up
- Smoke Detector
About 2602 W GLENROSA AVE , PHOENIX, AZ 85017
PROPERTY TOURS BY APPOINTMENT ONLY - DO NOT DISTURB TENANTS. The Radius Apartments has received significant recent capital investment to include new exterior stucco and paint, new roofs on all buildings and significant interior upgrades on 82% of the total units. The unit mix consists of studios, 1/1s, and 2/1 units. The remodeled leasing office welcomes prospective tenants to the property. This restricted-access property with rigid tenant selection criteria contributes to a more comfortable and secure environment for the tenants. Responsible operation has generated predictable and solid revenues for ownership. Included in the rents tenants pay are electricity, HVAC, water, sewer, trash Cable TV including HBO and SHOWTIME and WiFi all over the property. THE $300K NOI SUPPORTS A 7.1% CAP RATE AT LIST PRICE. Simply moving the remaining rents to market at the property will derive an 8.8% CAP. Located just north of Indian School road in an improving central Phoenix neighborhood, The Radius Apartments is less than a mile from the Metro Light Rail and I-17.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $13,546 | Total Assessment | $126,523 |
Property Taxes
