Loft 6 is a 6-unit boutique apartment community located in a highly desirable Old Town Scottsdale neighborhood that was renovated and repositioned with premium finishes in 2014. Built in 1969, the property is made of block construction with pitched composite shingle roofs and is individually-metered for electricity.
The unit mix is comprised of all large one-bedroom/one and a half bath townhomes that are spacious, well designed and average approximately ±935 square feet. The interiors feature refaced kitchen cabinetry with brushed nickel hardware, fully appointed kitchens with white electrical appliances faux-wood vinyl-plank flooring, in-suite washer and dryers, large vaulted ceiling with floor-to-ceiling windows and horizontal blinds, ceramic tile shower surround, low-flow toilets, ceiling fans and spacious walk-in closets.
The property is situated on approximately 0.20 total acres and has attractive low-water use desert landscaping. Exterior amenities include covered parking, private patios and an on-site management office.
Loft 6 offers an investor an entry level apartment property in one of the strongest submarkets in all of Arizona. In the third qarter of 2018, the submarket rents averaged $1.51 per square foot, 18% higher than the metropolitan Phoenix average and 6% higher than Loft 6. Furthermore, the average submarket vacancy has decreased by 23 points over the last quarter year, significantly greater than the metropolitan average. Numerous economic forecasts project metro Phoenix to lead major western markets in employment and population growth through 2019, offering an investor a unique opportunity through continued rental increase.
To access all marketing materials please click on the Confidentiality Agreement link below.
