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Heart of Tempe | 33-Units 2 Multifamily Properties Offered at $11,000,000 in Tempe, AZ
Investment Highlights
- Walking Distance to Arizona State University
- Minutes to Mill Avenue, Tempe Town Lake & Sky Harbor
- Trophy Infill Tempe Location
- Rare Offering - Long - Term Ownership (15-20 Years)
Executive Summary
I might not be able to help you find a trophy wife, but I can help you acquire trophy assets in a trophy location.
Rare opportunity to acquire a 33-unit trophy multifamily portfolio in the heart of Tempe, Arizona. This offering consists of the 21-unit SR21 Apartments and the 12-unit Saville Apartments—two well-maintained assets in one of the most sought-after rental markets in the Phoenix metro. Properties of this caliber and location rarely become available, with neither asset having been offered for sale in approximately 15–20 years.
Ideally located just minutes from Arizona State University, Mill Avenue, Tempe Town Lake, Sky Harbor International Airport, and the Valley’s major employment corridors, the portfolio benefits from exceptional tenant demand, strong in-place cash flow, and long-term appreciation potential. Whether you’re looking to preserve capital, grow cash flow, or capitalize on future rent growth, this is a rare opportunity to acquire an irreplaceable 33-unit multifamily portfolio in the heart of Tempe.
Rare opportunity to acquire a 33-unit trophy multifamily portfolio in the heart of Tempe, Arizona. This offering consists of the 21-unit SR21 Apartments and the 12-unit Saville Apartments—two well-maintained assets in one of the most sought-after rental markets in the Phoenix metro. Properties of this caliber and location rarely become available, with neither asset having been offered for sale in approximately 15–20 years.
Ideally located just minutes from Arizona State University, Mill Avenue, Tempe Town Lake, Sky Harbor International Airport, and the Valley’s major employment corridors, the portfolio benefits from exceptional tenant demand, strong in-place cash flow, and long-term appreciation potential. Whether you’re looking to preserve capital, grow cash flow, or capitalize on future rent growth, this is a rare opportunity to acquire an irreplaceable 33-unit multifamily portfolio in the heart of Tempe.
Property Facts
| Price | $11,000,000 | Number of Properties | 2 |
| Price / SF | $404.89 / SF | Individually For Sale | 0 |
| Cap Rate | 4.68% | Total Building Size | 27,168 SF |
| Sale Type | Investment | Total Land Area | 1.36 AC |
| Status | Active |
| Price | $11,000,000 |
| Price / SF | $404.89 / SF |
| Cap Rate | 4.68% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 27,168 SF |
| Total Land Area | 1.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Burkwood Apartments
701 S Roosevelt St, Tempe, AZ 85281 |
Multifamily | 17,850 SF | 1979 | - |
|
Saville Apartments
424 W 9th St, Tempe, AZ 85281 |
Multifamily | 9,318 SF | 1971 | - |
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Heart of Tempe | 33-Units