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Multifamily

Tower Villa

3024 N 39th St, Phoenix, AZ 85018

Listing Price: $4,350,000

Cap Rate
3.21%
Number of Units
14
Price/Unit
$310,714

Investment Overview

Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44th Street/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play. The ongoing revitalization of east Phoenix offers convenient access to day-to-day essentials and nominal drive times to surrounding restaurants, retail, and entertainment districts. In addition, the continuous capital infusion placed into the surrounding employment corridors solidifies the areas significant future opportunities. Developed in 1957, Tower Villa offers 10 one-bedroom units and four twobedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having tremendous room for rent growth as unit turnover provides the ability to mark to market.

Investment Highlights

  • Located in the highly sought after Arcadia Lite neighborhood, the property is surrounded by well-above statewide average home values
  • Ideal commute times to Innovation, Camelback, and 44th/Gateway Corridors, presenting access to many of top-tier employers found in the Valley
  • Both downtown, Biltmore, and Arcadia present some of the most coveted dining, shopping, and entertainment destinations, all within a 10-15 minute drive

Exclusively Listed By

Multifamily

Tower Villa

Listing Price: $4,350,000

Cap Rate
3.21%
Number of Units
14
Price/Unit
$310,714

Investment Highlights

  • Located in the highly sought after Arcadia Lite neighborhood, the property is surrounded by well-above statewide average home values
  • Ideal commute times to Innovation, Camelback, and 44th/Gateway Corridors, presenting access to many of top-tier employers found in the Valley
  • Both downtown, Biltmore, and Arcadia present some of the most coveted dining, shopping, and entertainment destinations, all within a 10-15 minute drive

Investment Overview

Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44th Street/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play. The ongoing revitalization of east Phoenix offers convenient access to day-to-day essentials and nominal drive times to surrounding restaurants, retail, and entertainment districts. In addition, the continuous capital infusion placed into the surrounding employment corridors solidifies the areas significant future opportunities. Developed in 1957, Tower Villa offers 10 one-bedroom units and four twobedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having tremendous room for rent growth as unit turnover provides the ability to mark to market.

Exclusively Listed By

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