9618 N 5th St
Phoenix, AZ 85020
Six on Fifth · Multifamily Property For Sale · 6 Units

ARA is pleased to announce the availability of 5th Street Apartments, a 6 unit apartment community located in the foothills of the North Mountain Preserve in Phoenix, AZ. The North Mountain Preserve boasts over 20 miles of hiking, biking, and horseback riding trails. Within a few miles of the community are several large employers including John C. Lincoln Hospital, Pointe Hilton Tapatio Cliffs Resort, and Paradise Valley Mall. The PV Mall has over a million square feet of retail and restaurant space with 125 retailers and major anchor tenants including Macy’s, Dillard’s, Sears, and JC Penny. 5th Street Apartments was constructed in 1991 with a modern stucco exterior. The single story community is individually metered with individual roof mounted HVAC’s. The community consists of four 1 bedrooms at 675 SF and two 1 bedrooms with a den that measure 755 SF. All units include ceramic tile flooring, Arcadia doors leading to walk out patios, full size appliances including dishwashers and washer and dryers in each unit. The property has a competitive advantage compared to others in the submarket due to size of the one bedrooms, the modern kitchens, and the units having washer & dryers in them. Most of the neighborhood properties 1 bedrooms are smaller and do not include a washer & dryer in the unit. The property consistently stays 100% occupied and further upside in rents of $25-$50 could be achieved through minor upgrades to the property which will increase the cash flow and subsequent value of the property. 5th Street Apartments offers an investor a tremendous opportunity to acquire an attractive 1990’s construction community that is individually metered with large modern kitchens with full size appliances, including washer and dryers in each unit, located in the foothills of the North Mountain Preserve.