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Eclipse Apartments 2641 W Butler Dr 75 Unit Apartment Building $17,500,000 ($233,333/Unit) Phoenix, AZ 85051

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Investment Highlights

  • Acquire a well-maintained multifamily property offering an affordable and convenient living solution in the metro area.
  • Eclipse Apartments has 45 two-bedroom units, 15 one-bedroom units, and 15 studios, all averaging 800 square feet.
  • Residents enjoy the on-site amenities, including a pool, a laundry facility, an office, a playground, and lush desert landscaping.
  • Excellent commuter access to Interstate 17, Downtown Phoenix ,and nearby areas such as Glendale, Scottsdale, Tempe, and Mesa.

Executive Summary

Eclipse Apartments at 2641 W Butler Drive is a 75-unit, garden-style apartment community established in 1972 and ideally located in Phoenix, Arizona. The attractive unit mix consists of (60%) two-bedroom, (20%) one-bedroom, and (20%) studio unit types, averaging 800 square feet. Each apartment features stainless steel appliances, refurbished kitchens, and vinyl plank flooring. Eclipse Apartments contains four garden-style apartment buildings situated on a 2.62-acre site. The community includes a pool, laundry facility, office, playground, and desert landscaping throughout.

Situated on Butler Drive, residents enjoy direct access to all areas of Phoenix by way of Interstate 17. The Eclipse Apartments are also close to the Light Rail, providing car-free commutes throughout the Valley of the Sun. Residents will find an abundance of conveniences and attractions at the Desert Sky Mall, El Oso Park, and several other shopping centers filled with restaurants and retailers.

Nestled in the heart of the Phoenix metro, this property is in a safe and welcoming suburban community just 12 miles west of the downtown area. The neighborhood offers a comfortable atmosphere of residential charm, providing an ideal setting for families, professionals, and students. Nearby schools, such as Maryvale High School, provide quality K-12 education, while Grand Canyon University offers higher education opportunities and a vibrant campus life. With well-maintained parks, shopping centers, and public transit options close at hand, this location offers the best of the suburbs with city access.

Property Facts

Price $17,500,000
Price Per Unit $233,333
Sale Type Investment
No. Units 75
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.62 AC
Building Size 60,040 SF
Average Occupancy 93%
No. Stories 2
Year Built/Renovated 1972/2019
Parking Ratio 1.63/1,000 SF
Opportunity Zone Yes
Zoning M-H - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Storage Space
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Gated
  • Grill
  • Laundry Service
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 15 - 250
1+1 15 - 750
2+2 45 - 1,000

Property Taxes

Property Taxes

Parcel Number
158-04-008A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,461
  • Listing ID: 35335891

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: 2641 W Butler Dr, Phoenix, AZ 85051

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