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40 E Sunland Ave
Phoenix, AZ 85040
Apex On Central · Multifamily Property For Sale
·
117 Units
Executive Summary
JLL is pleased to introduce The Apex on Central, a
117-unit apartment community located in Phoenix,
AZ. The Property has been partially renovated
to provide a contemporary, high-quality living
experience with best-in-class finishes.
Updated interior features include white flat panel
cabinetry with brushed nickel hardware, faux quartz
counter tops, black appliances, vinyl plank flooring,
subway tile backsplashes, updated lighting, and insuite
washers and dryers in 39 of the 117 units. In
addition, the Property has benefited from exterior
upgrades, including updated landscaping and
enhanced community amenities to ensure longterm
operational efficiency.
The Apex on Central offers an investor the rare
opportunity to acquire an partially renovated
community within proximity to lifestyle amenities
and employment corridors such as Downtown
Phoenix, CityScape, and the South Mountain Park
and Preserve.
117-unit apartment community located in Phoenix,
AZ. The Property has been partially renovated
to provide a contemporary, high-quality living
experience with best-in-class finishes.
Updated interior features include white flat panel
cabinetry with brushed nickel hardware, faux quartz
counter tops, black appliances, vinyl plank flooring,
subway tile backsplashes, updated lighting, and insuite
washers and dryers in 39 of the 117 units. In
addition, the Property has benefited from exterior
upgrades, including updated landscaping and
enhanced community amenities to ensure longterm
operational efficiency.
The Apex on Central offers an investor the rare
opportunity to acquire an partially renovated
community within proximity to lifestyle amenities
and employment corridors such as Downtown
Phoenix, CityScape, and the South Mountain Park
and Preserve.
Property Facts
| Price Per Unit | $153,846 | Lot Size | 3.41 AC |
| Sale Type | Investment | Building Size | 82,700 SF |
| No. Units | 117 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1988/2022 |
| Apartment Style | Garden | Parking Ratio | 1.94/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | M-H - 0376 - Apartments 100+ Units - 2 Story | ||
| Price Per Unit | $153,846 |
| Sale Type | Investment |
| No. Units | 117 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.41 AC |
| Building Size | 82,700 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2022 |
| Parking Ratio | 1.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-H - 0376 - Apartments 100+ Units - 2 Story |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Freezer
- Patio
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Cabana
- Grill
- Package Service
- Maintenance on site
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 524 |
| 2+1 | 63 | - | 876 |
| 2+1.5 | 20 | - | 876 |
Property Taxes
| Parcel Number | 113-42-078 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $279,251 |
Property Taxes
Parcel Number
113-42-078
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$279,251
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