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Palm Aire Apartments 6241 N 27th Ave 186 Unit Apartment Building $45,000,000 ($241,935/Unit) Phoenix, AZ 85017
Investment Highlights
- Palm Aire Apartments complex is a remarkable investment opportunity to own a 186-unit garden-style apartment community in Northwest Phoenix.
- Find a simple unit mix of one- and two-bedroom apartments with well-appointed kitchens, private patios and balconies, and large closets.
- Building sits within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are enrolled.
- Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, and laundry facilities.
- Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks, Wendy's, Food City, Dollar Tree, and Harkins Theater
Executive Summary
Palm Aire Apartments complex is a remarkable investment opportunity to own a 186-unit, at $242,000 per unit, garden-style
apartment community in Northwest Phoenix.
Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks,
Wendy's, Food City, Dollar Tree, and Harkins Theater.
Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, and
laundry facilities.
Building sits within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are
enrolled.
Find a simple unit mix of one and two-bedroom apartments with well-appointed kitchens, private patios
and balconies, and large closets.
apartment community in Northwest Phoenix.
Located less than five minutes from conveniences such as Walmart Supercenter, Target, Starbucks,
Wendy's, Food City, Dollar Tree, and Harkins Theater.
Abundant amenities include pet-friendly apartments, two swimming pools, outdoor barbecue areas, and
laundry facilities.
Building sits within 1 mile of the prestigious Grand Canyon University, where over 60,000 students are
enrolled.
Find a simple unit mix of one and two-bedroom apartments with well-appointed kitchens, private patios
and balconies, and large closets.
Property Facts
| Price | $45,000,000 | Building Class | C |
| Price Per Unit | $241,935 | Lot Size | 5.05 AC |
| Sale Type | Investment | Building Size | 126,499 SF |
| No. Units | 186 | Average Occupancy | 82% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1982/2016 |
| Apartment Style | Garden | Parking Ratio | 1.85/1,000 SF |
| Zoning | M-H - Multifamily Residence | ||
| Price | $45,000,000 |
| Price Per Unit | $241,935 |
| Sale Type | Investment |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.05 AC |
| Building Size | 126,499 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built/Renovated | 1982/2016 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | M-H - Multifamily Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 93 | - | 656 |
| 2+2 | 93 | - | 856 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $7,861 | Total Assessment | $492,530 |
Property Taxes
Parcel Numbers
Land Assessment
$7,861
Improvements Assessment
$0
Total Assessment
$492,530
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Presented by
Lone Star State Alexander Capital, LLC
Palm Aire Apartments | 6241 N 27th Ave
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