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Multifamily

The Premier

2330 W Belmont Ave, Phoenix, AZ 85021

Listing Price: $3,075,000

Cap Rate
4.26%
Number of Units
14
Price/Unit
$219,643
Price/Gross SF
$253.71
Gross SF
12,120

Investment Overview

Located just west of the 23rd Avenue and Belmont Avenue intersection, The Premier ("the property") has the extreme advantage of Grand Canyon University being less than four miles away. The property is also primely positioned for immediate access to major transportation arteries. I-17, as well as access to the Valley Metro Light Rail are both less than half a mile away, providing effortless transportation across the Phoenix metro. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses. Additionally, the property sits between Chirstown Spectrum Mall – an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target – and Metrocenter Mall, which is currently undergoing a $1 Billion redevelopment.

Investment Highlights

  • Rare newer vintage, low density apartment community.
  • Oversized floorplans averaging +/-866 SF. All units include in-suite laundry.
  • Convenient access to Grand Canyon University and Central Phoenix's Innovation Corridor.

Exclusively Listed By

Financing By

Multifamily

The Premier

Listing Price: $3,075,000

Cap Rate
4.26%
Number of Units
14
Price/Unit
$219,643
Price/Gross SF
$253.71
Gross SF
12,120

Investment Highlights

  • Rare newer vintage, low density apartment community.
  • Oversized floorplans averaging +/-866 SF. All units include in-suite laundry.
  • Convenient access to Grand Canyon University and Central Phoenix's Innovation Corridor.

Investment Overview

Located just west of the 23rd Avenue and Belmont Avenue intersection, The Premier ("the property") has the extreme advantage of Grand Canyon University being less than four miles away. The property is also primely positioned for immediate access to major transportation arteries. I-17, as well as access to the Valley Metro Light Rail are both less than half a mile away, providing effortless transportation across the Phoenix metro. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses. Additionally, the property sits between Chirstown Spectrum Mall – an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target – and Metrocenter Mall, which is currently undergoing a $1 Billion redevelopment.

Exclusively Listed By

Financing By

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