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Multifamily

Uptown VIII

907 E Claremont St, Phoenix, AZ 85014

Listing Price: $2,100,000

Cap Rate
4.96%
Number of Units
8
GRM
13.78
Price/Unit
$262,500
Price/Gross SF
$300.00
Gross SF
7,000

Investment Overview

Nestled in the heart of one of North Central Phoenix’s famous historic neighborhoods, Uptown VIII (“the property”), is a two-property portfolio primely positioned just north of the 7th Street and Camelback Road intersection and immediately across the street from Madison Traditional Academy. The proximity to one of The Valley’s major transportation arteries, State Route 51, offers convenient accessibility to destinations valley wide.

Within minutes of Uptown VIII sits The Innovation Employment Corridor and Biltmore Employment Corridor, which presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health, IBM, Cisco and Charles Schwab. Together, the prominent employment Corridors showcase a combined ±117,000 employees and ±3,300 employers.

Built in 1958 and 1960, Uptown VIII Portfolio offers an appealing unit mix all two-bedroom floor plans with an average unit size of ±875 square feet. Future ownership will have the enticing opportunity to capitalize on 100% of the units at each location primed for an elevated upgrade package resulting in an expected premium of ±$250 per month.

Investment Highlights

  • North Central Phoenix's Uptown Submarket
  • Unit Mix Consists of100% Two Bedroom Floor Plans
  • Within minutes of of The Innovation Employment Corridor and Biltmore Employment Corridor

Exclusively Listed By

Multifamily

Uptown VIII

Listing Price: $2,100,000

Cap Rate
4.96%
Number of Units
8
GRM
13.78
Price/Unit
$262,500
Price/Gross SF
$300.00
Gross SF
7,000

Investment Highlights

  • North Central Phoenix's Uptown Submarket
  • Unit Mix Consists of100% Two Bedroom Floor Plans
  • Within minutes of of The Innovation Employment Corridor and Biltmore Employment Corridor

Investment Overview

Nestled in the heart of one of North Central Phoenix’s famous historic neighborhoods, Uptown VIII (“the property”), is a two-property portfolio primely positioned just north of the 7th Street and Camelback Road intersection and immediately across the street from Madison Traditional Academy. The proximity to one of The Valley’s major transportation arteries, State Route 51, offers convenient accessibility to destinations valley wide. Within minutes of Uptown VIII sits The Innovation Employment Corridor and Biltmore Employment Corridor, which presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health, IBM, Cisco and Charles Schwab. Together, the prominent employment Corridors showcase a combined ±117,000 employees and ±3,300 employers. Built in 1958 and 1960, Uptown VIII Portfolio offers an appealing unit mix all two-bedroom floor plans with an average unit size of ±875 square feet. Future ownership will have the enticing opportunity to capitalize on 100% of the units at each location primed for an elevated upgrade package resulting in an expected premium of ±$250 per month.

Exclusively Listed By

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