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Multifamily

Georgia

2534-2548 W Georgia Ave, Phoenix, AZ 85017

Listing Price: Request For Offer

Number of Units
52
Gross SF
37,100

Investment Overview

Strategically placed within walking distance from the booming Grand Canyon University (GCU) and Interstate 17 (I-17), the Georgia apartment community offers a low-density sitemap consisting of 52 units built in 1963 & 1979. The unparalleled proximity to the #1 Best College Campus in Arizona (niche.com, 2022) and the ±$500M of additionally planned capital investment to be instated by 2024, provides direct access to the powerhouse that is GCU with over ±$1.1B in annual economic impact. Georgia also offers immediate access to I-17, one of the major thoroughfares of the city allowing for ideal commute times to various employment corridors throughout the metropolitan area. Both the Innovation and I-17 Corridors, along with the long string of employers placed along the US60, are reachable within five miles presenting over ±152,400 jobs by over ±5,400 establishments. Georgia is a partially renovated community offering 26 one-bedroom and 26 two-bedroom floorplans with an average unit size of 713 square feet. Future ownership will have the enticing opportunity to upgrade the interior finishes of all 18 legacy units, as well as the 4 units currently holding partial updates, to capitalize on the $200-$300 associated rent premium based on rental prices achieved by similar properties in the submarket.

Investment Highlights

  • Walkable to the West Valley's Premier University - Grand Canyon University
  • Convenient Proximity to I-17 allowing for desirable commute times across the valley.
  • Opportunity to renovate all 22 legacy units and partially renovated units to capitalize on $200 to $300 rent premiums.

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
52
Gross SF
37,100

Investment Highlights

  • Walkable to the West Valley's Premier University - Grand Canyon University
  • Convenient Proximity to I-17 allowing for desirable commute times across the valley.
  • Opportunity to renovate all 22 legacy units and partially renovated units to capitalize on $200 to $300 rent premiums.

Investment Overview

Strategically placed within walking distance from the booming Grand Canyon University (GCU) and Interstate 17 (I-17), the Georgia apartment community offers a low-density sitemap consisting of 52 units built in 1963 & 1979. The unparalleled proximity to the #1 Best College Campus in Arizona (niche.com, 2022) and the ±$500M of additionally planned capital investment to be instated by 2024, provides direct access to the powerhouse that is GCU with over ±$1.1B in annual economic impact. Georgia also offers immediate access to I-17, one of the major thoroughfares of the city allowing for ideal commute times to various employment corridors throughout the metropolitan area. Both the Innovation and I-17 Corridors, along with the long string of employers placed along the US60, are reachable within five miles presenting over ±152,400 jobs by over ±5,400 establishments. Georgia is a partially renovated community offering 26 one-bedroom and 26 two-bedroom floorplans with an average unit size of 713 square feet. Future ownership will have the enticing opportunity to upgrade the interior finishes of all 18 legacy units, as well as the 4 units currently holding partial updates, to capitalize on the $200-$300 associated rent premium based on rental prices achieved by similar properties in the submarket.

Exclusively Listed By

Financing By

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