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Biltmore Area Apartments 5317 N 11th St 8 Unit Apartment Building $2,200,000 ($275,000/Unit) Phoenix, AZ 85014
Investment Highlights
- Outstanding Location
- Competitively Priced Well Below Replacement Cost
- Mid-Century 2-Bedroom, Single-Story Community
Executive Summary
DO NOT DISTURB TENANTS - ALL TOURS MUST BE COORDINATED THROUGH LISTING BROKER
5317 N. 11th Street, formerly known as MODE at Biltmore, consists of an 8-unit single-story apartment community entirely consisting of 2-bedroom units in the affluent Biltmore / North Central Corridor neighborhood in Phoenix, Arizona. The Property, located just southwest of 12th Street and Missouri Avenue, benefits from proximity to luxury neighborhoods, amenities and employment.
+ Outstanding Location
+ Mid-Century 2-Bedroom, Single-Story Community
+ Competitively Priced Well Below Replacement Cost
+ Professionally Managed with Consistent Ownership
+ Conservative In-Place Rents
5317 N. 11th Street, formerly known as MODE at Biltmore, consists of an 8-unit single-story apartment community entirely consisting of 2-bedroom units in the affluent Biltmore / North Central Corridor neighborhood in Phoenix, Arizona. The Property, located just southwest of 12th Street and Missouri Avenue, benefits from proximity to luxury neighborhoods, amenities and employment.
+ Outstanding Location
+ Mid-Century 2-Bedroom, Single-Story Community
+ Competitively Priced Well Below Replacement Cost
+ Professionally Managed with Consistent Ownership
+ Conservative In-Place Rents
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 7,350 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2014 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Garden |
| Price | $2,200,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 7,350 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2014 |
| Parking Ratio | 1.09/1,000 SF |
Amenities
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 162-14-043B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $81,373 |
Property Taxes
Parcel Number
162-14-043B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$81,373
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Biltmore Area Apartments | 5317 N 11th St
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