5010 N 22nd Ave
Phoenix, AZ 85015
Crystal Creek · Multifamily Property For Sale · 16 Units

NKF is pleased to announce the availability of Crystal Creek Townhomes, a 16 unit townhouse community. This offering represents the unique opportunity to acquire a 2004 constructed property consisting of all large 3 bedroom 2 bath townhouse style units. The townhomes are 1,091 square feet in size and interior amenities include modern kitchens with full size appliances and dishwashers, full size washer and dryers, walk-in closets, ceiling fans, and each unit has a large private patios. The community is situated on just under an acre and consists of 4 separate buildings built of wood-frame with an attractive stucco exterior. The townhomes are individually metered for electricity, with individual ground mounted HVAC’s, pitched asphalt shingle roofs and offer residents plenty of parking with 36 spaces. The property is extremely well landscaped with native desert Palo Verde and Mesquite trees, desert rock, flowers, bougainvillea’s and several grass areas with built-in picnic benches and barbecues for residents to enjoy. Crystal Creek Townhomes is situated on 22nd Avenue just north of Camelback Road in an established Central Phoenix neighborhood. The property is located within walking distance of the Valley Metro Light Rail station at 19th Avenue and Camelback providing residents with affordable transportation to Downtown Phoenix and beyond. The community is also within walking distance of Simpson Elementary School providing a great benefit to residents and their families. Major Employers in the area include Phoenix Baptist Hospital and the booming Grand Canyon University which has recently gone through a $60 million dollar renovation providing a great benefit to the local submarket through added employment and educational opportunities. In addition directly across Camelback Road on the SE Corner of 23rd Avenue and Camelback is the recently developed Westwood on Camelback, a 60K SF Neighborhood retail center anchored by “El Super” a popular Hispanic grocery store. One block north of the property is Christown Spectrum Mall which has 1.1 million square feet of retail and features 90 shops including five anchor tenants. This provides residents with a tremendous amount of employment, shopping, and entertainment venues. Currently the property is 100% occupied and current rents are at $1,100 per unit. Crystal Creek Townhomes provides an investor a rare opportunity to purchase an all 3 bedroom Townhome community, built in 2004 that is within walking distance of the Light Rail station. Furthermore, the community consists of four 4-plexs on separate tax parcels which may provide additional exit strategies to a Buyer.