Multifamily
Juniper Court
1905 W Village Dr, Phoenix, AZ 85023
Listing Price: $740,000
Investment Overview
The asset sits amongst 5 other multifamily properties on the street. The community is positioned on 19th Avenue, North of Bell Road. Current tenants enjoy the large communal space and backyard, access to private laundry. The large backyard space gives investors the creative option to possibly build additional units or, re-purpose to achieve additional rental premiums. With short access to the North I-17 employment corridor, and major retailers in the direct neighborhood, tenants have developed their own pride of living in this community. For example, replacing the turf and even taking the liberty of re-painting the property.
Juniper Court
Investment Highlights
- Value add with below market rents, on-site laundry Classic units offering options for investment strategy
- 5-10 Year tenure with current tenants on month-to-month leases Tenants currently maintain the community
- Roof was replaced in 2020 and has 6 years remaining on warranty, parking lot was replaced in 2022 Recently repainted
Exclusively Listed By
Listing Price: $740,000
Investment Highlights
- Value add with below market rents, on-site laundry Classic units offering options for investment strategy
- 5-10 Year tenure with current tenants on month-to-month leases Tenants currently maintain the community
- Roof was replaced in 2020 and has 6 years remaining on warranty, parking lot was replaced in 2022 Recently repainted
Investment Overview
The asset sits amongst 5 other multifamily properties on the street. The community is positioned on 19th Avenue, North of Bell Road. Current tenants enjoy the large communal space and backyard, access to private laundry. The large backyard space gives investors the creative option to possibly build additional units or, re-purpose to achieve additional rental premiums. With short access to the North I-17 employment corridor, and major retailers in the direct neighborhood, tenants have developed their own pride of living in this community. For example, replacing the turf and even taking the liberty of re-painting the property.
Exclusively Listed By
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