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Multifamily

Claremont VII

901 E Claremont St, Phoenix, AZ 85014

Listing Price: $1,795,000

Cap Rate
5.89%
Number of Units
7
GRM
13,007.25
Price/Unit
$256,429
Price/Gross SF
$243.72
Gross SF
7,365

Investment Overview

Advantageously placed just north of the 7th Street and Bethany Home Road intersection and immediately across the street from Madison Traditional Academy, Uptown XI (“the property”) is an 11-unit apartment community primely located in the heart of the historic neighborhoods of North Central Phoenix (Uptown). Its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access to simple passage 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. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, presents 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

  • Primely located in the heart of the historic neighborhood of North Central Phoenix
  • Nearby proximity to one of The Valley's major transportation arteries, State Route 51
  • Value-Add Multifamily Community Offering Diversity in Unique Central Phoenix Submarket

Exclusively Listed By

Multifamily

Claremont VII

Listing Price: $1,795,000

Cap Rate
5.89%
Number of Units
7
GRM
13,007.25
Price/Unit
$256,429
Price/Gross SF
$243.72
Gross SF
7,365

Investment Highlights

  • Primely located in the heart of the historic neighborhood of North Central Phoenix
  • Nearby proximity to one of The Valley's major transportation arteries, State Route 51
  • Value-Add Multifamily Community Offering Diversity in Unique Central Phoenix Submarket

Investment Overview

Advantageously placed just north of the 7th Street and Bethany Home Road intersection and immediately across the street from Madison Traditional Academy, Uptown XI (“the property”) is an 11-unit apartment community primely located in the heart of the historic neighborhoods of North Central Phoenix (Uptown). Its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access to simple passage 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. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, presents 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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