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Multifamily

Estilo

3025 N 38th St, Phoenix, AZ 85018

Listing Price: $4,300,000

Cap Rate
5.14%
Number of Units
15
GRM
15.71
Price/Unit
$286,667
Price/Gross SF
$330.26
Gross SF
13,020

Investment Overview

Advantageously positioned in an ideal centralized location, Estilo (“the property”) is a 15-unit apartment community primely located to the North of the 38th Street and Thomas Road intersection, in the heart of the Arcadia Lite Submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and
entertainment amenities. Together, the innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.

Investment Highlights

  • In the Heart of the Arcadia Lite Submarket
  • Dominated by Two-Bedroom Floorplans
  • Single Story, Turn-Key Multifamily Community

Exclusively Listed By

Listing Price: $4,300,000

Cap Rate
5.14%
Number of Units
15
GRM
15.71
Price/Unit
$286,667
Price/Gross SF
$330.26
Gross SF
13,020

Investment Highlights

  • In the Heart of the Arcadia Lite Submarket
  • Dominated by Two-Bedroom Floorplans
  • Single Story, Turn-Key Multifamily Community

Investment Overview

Advantageously positioned in an ideal centralized location, Estilo (“the property”) is a 15-unit apartment community primely located to the North of the 38th Street and Thomas Road intersection, in the heart of the Arcadia Lite Submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.

Exclusively Listed By

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