ABI Multifamily is pleased to announce the exclusive listing of 3631 & 3637 East Oak Street, Phoenix, AZ 85008. This property is in a terrific, central location in the path of gentrification. This central location allows access to Downtown Phoenix, Phoenix Sky Harbor Airport, Biltmore Fashion Park, Downtown Scottsdale, and Arizona State University's Main Tempe Campus as well as the downtown campus, all within a 10-minute drive. Tenants will enjoy the easy freeway access as it is only a few minutes to the Loop 202 Freeway, Highway 143, and Arizona State Route 51. As we have seen, Phoenix continues to become an infill city. An investor will be well-located to reap the benefits of continued gentrification in this location.
3631 & 3637 East Oak Street is an 8-unit,garden-style apartment community. The property was renovated extensively in 2018 with unique finishes providing tenants with both a premium location and style. The property is a block-constructed apartment building built in 1957 and the renovations include new granite countertops, shaker cabinets, modern tile-flooring, baseboards,stainless-steel appliances, and tile backsplash in each unit. Each unit is individually metered for electricity and features a new roof replaced in 2016. This property offers an attractive unit mix of all large 2 bedroom/1 bath units each with in-suite washer and dryer. This property is unique as it sits on two separate parcels offering the option to receive residential financing for the investor.
