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Cactus Canyon 3001 N 32nd St 66 Unit Apartment Building For Sale Phoenix, AZ 85018
Investment Highlights
- Desirable Biltmore/Arcadia Location with High Barriers to Entry
- Majority Two-Bedroom Floor Plans that Average 990 Square Feet
- Robust Nearby Demographic Profile and Employment Drivers
- Revenue Enhancement Through Interior Washer & Dryer Installation
- Excellent Nearby Amenities Including Biltmore Fashion Park and Camelback Colonnade
Executive Summary
JLL is pleased to introduce The Phoenix 6, a six-property, 393-unit, multifamily portfolio strategically positioned across three of Phoenix’s most coveted submarkets — the Papago Park corridor, the Biltmore/Arcadia district, and Midtown Phoenix with an average of 16+ Years of Continuous Ownership. The Portfolio is comprised of five distinct offerings: Papago Gardens and The Villas at Papago, a two-property assemblage situated on contiguous parcels along the North 48th Street corridor; Santorini Villas, also along the 48th Street corridor; Camelback Courtyard and Cactus Canyon within the prestigious Biltmore and Arcadia neighborhoods; and Partenza on Highland, situated in the heart of Uptown Phoenix. The Portfolio consists of nearly 80% two-bedroom floor plans and additionally offers studios, one-, two-, and three-bedroom floor plans, providing broad renter demographic appeal and diversification across asset types and locations.
Property Facts
| Sale Type | Investment | Lot Size | 1.31 AC |
| No. Units | 66 | Building Size | 59,950 SF |
| Property Type | Multifamily | Average Occupancy | 76% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2019 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Zoning | R-4, Phoenix | ||
| Sale Type | Investment |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 59,950 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2019 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R-4, Phoenix |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 745 |
| 2+2 | 44 | - | 990 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $15,036 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,036
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Cactus Canyon | 3001 N 32nd St
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