Papago View Apartments is a 50 unit garden-style apartment community located in Phoenix, Arizona. The community is situated just west of Scottsdale and within 2 miles of the prestigious Arcadia neighborhood of Phoenix. The Arcadia Crossing Power Center is about 5 minutes away with anchor tenants Fry’s Grocery, Target, Costco, Petco along with numerous restaurants and independent shops.
Papago View is centrally located off McDowell road, just west of 40th Street, 6 minutes north of the Loop 202 freeway and Sky Harbor International Airport. This location allows residents immediate access to multiple economic and demand centers including Downtown Phoenix, Downtown Tempe/ASU, Camelback Corridor, Downtown Scottsdale and Papago Park recreation area. This strategic location allows Papago View to capture residents from multiple commerce hubs as opposed to relying on a single submarket.
The community offers an investor a value-add opportunity to renovate the classic interiors. The exterior of the community has been well kept and offers the opportunity to update the exterior paint, landscape and signage. Current rents are below market. By updating the community, a new owner should look to improve occupancy and increase rental rates.
