Skip to main content

Multifamily

Villa Siena

3141 N 37th St, Phoenix, AZ 85018

Listing Price: $3,340,000

Cap Rate
5.00%
Number of Units
14
GRM
14.04
Occupancy
100.0%
Price/Unit
$238,571
Price/Gross SF
$280.67
Gross SF
11,900

Investment Overview

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant
comp-set.

Investment Highlights

  • Renovated multifamily community including in-suite washer and dryers. Located within Phoenix's coveted Arcadia Lite submarket.
  • Unit mix entirely comprised of two-bedroom floorplans featuring spacious private backyards and covered direct-access parking.
  • Attractive acquisition basis considerably below the relevant compset.

Exclusively Listed By

Financing By

Multifamily

Villa Siena

Listing Price: $3,340,000

Cap Rate
5.00%
Number of Units
14
GRM
14.04
Occupancy
100.0%
Price/Unit
$238,571
Price/Gross SF
$280.67
Gross SF
11,900

Investment Highlights

  • Renovated multifamily community including in-suite washer and dryers. Located within Phoenix's coveted Arcadia Lite submarket.
  • Unit mix entirely comprised of two-bedroom floorplans featuring spacious private backyards and covered direct-access parking.
  • Attractive acquisition basis considerably below the relevant compset.

Investment Overview

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower