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Multifamily

Lamar Villa

4209-4241 W Lamar Rd, Phoenix, AZ 85019

Listing Price: Request For Offer

Number of Units
52
Gross SF
33,800

Investment Overview

Positioned with frontage along 43rd Avenue, Lamar Villa (“the property”) is sprawled out across over ±2 acres along Lamar Road adjacent to La Pradera public park. Pinpointed in such a central location enables the property to be engulfed by an ideal residential setting, while maintaining proximity to significant destinations such as Grand Canyon University (“GCU”), Westgate Entertainment District, and the major employment corridors throughout Midtown Phoenix and the west valley. Spotted less than three miles from GCU, the continuing expansion of what has grown into one of the largest private Christian universities in the nation is boosting not only the reputation of the school, but is promoting the surrounding’s economic potential, as well, driving growth of residents and businesses to the area. Equally as attractive to the West Valley is the Westgate Entertainment District roughly six miles away, which is home to the Gila River Arena and State Farm Stadium, as well as the most robust dining and shopping options in the west valley. Additionally, the property offers a mere 10-minute commute to the Innovation Employment Corridor that runs down Central Avenue. Innovation corridor, in combination with the Southwest Valley Industrial Corridor, provides ample employment opportunities within an ideal commute time from the property. Lamar Villa is comprised of 13 residential, single-story buildings containing four units each, all together totaling 52 units across the property. 39 of the units offer one-bedroom, while the remaining 13 units consist of a two-bedroom floorplan. Despite 46 of the units having upgraded interiors, only 10 of the units currently have in-suite washer and dryer, enabling future ownership the opportunity to renovate the six remaining classic units, as well as add a washer and dryer into the 42 units without one to capitalize on the rental premium associated with each upgrade based on rents achieved by similar properties in the submarket.

Investment Highlights

  • Low-density, single-level community on over 2 acres of land.
  • Located in a desirable residential neighborhood at the border of Phoenix and Glendale with convenient access to both Grand Canyon University and the Westgate Entertainment District.
  • Noteworthy upside with future ownership having the opportunity to upgrade 42 of the units to include in-suite laundry.

Exclusively Listed By

Financing By

Multifamily

Lamar Villa

Listing Price: Request For Offer

Number of Units
52
Gross SF
33,800

Investment Highlights

  • Low-density, single-level community on over 2 acres of land.
  • Located in a desirable residential neighborhood at the border of Phoenix and Glendale with convenient access to both Grand Canyon University and the Westgate Entertainment District.
  • Noteworthy upside with future ownership having the opportunity to upgrade 42 of the units to include in-suite laundry.

Investment Overview

Positioned with frontage along 43rd Avenue, Lamar Villa (“the property”) is sprawled out across over ±2 acres along Lamar Road adjacent to La Pradera public park. Pinpointed in such a central location enables the property to be engulfed by an ideal residential setting, while maintaining proximity to significant destinations such as Grand Canyon University (“GCU”), Westgate Entertainment District, and the major employment corridors throughout Midtown Phoenix and the west valley. Spotted less than three miles from GCU, the continuing expansion of what has grown into one of the largest private Christian universities in the nation is boosting not only the reputation of the school, but is promoting the surrounding’s economic potential, as well, driving growth of residents and businesses to the area. Equally as attractive to the West Valley is the Westgate Entertainment District roughly six miles away, which is home to the Gila River Arena and State Farm Stadium, as well as the most robust dining and shopping options in the west valley. Additionally, the property offers a mere 10-minute commute to the Innovation Employment Corridor that runs down Central Avenue. Innovation corridor, in combination with the Southwest Valley Industrial Corridor, provides ample employment opportunities within an ideal commute time from the property. Lamar Villa is comprised of 13 residential, single-story buildings containing four units each, all together totaling 52 units across the property. 39 of the units offer one-bedroom, while the remaining 13 units consist of a two-bedroom floorplan. Despite 46 of the units having upgraded interiors, only 10 of the units currently have in-suite washer and dryer, enabling future ownership the opportunity to renovate the six remaining classic units, as well as add a washer and dryer into the 42 units without one to capitalize on the rental premium associated with each upgrade based on rents achieved by similar properties in the submarket.

Exclusively Listed By

Financing By

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