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Multifamily

Courtyard on Mill

2205 S Mill Ave, Tempe, AZ 85282

Listing Price: $1,899,000

Cap Rate
6.75%
Number of Units
8
GRM
11.95
Occupancy
100.0%
Price/Unit
$237,375
Price/Gross SF
$308.78
Gross SF
6,150

Investment Overview

No active small multifamily listing in Tempe is both renovated and gated. Courtyard on Mill delivers a 2026 roof, stucco, ACs and fully remodeled interiors, smartlock gated entry, assigned covered parking, private patios on the ground floor and a new laundry room — a specification otherwise found only in South Scottsdale at $281,000–$325,000 per unit.

Investment Highlights

  • 6.47% cap rate - no where in the Phoenix valley will an investor find a property at this price point and quality.
  • Every unit renovated and leased on new 12 month terms.
  • Low expenses due to quality of renovations put in place.

Exclusively Listed By

Financing By

Multifamily

Courtyard on Mill

Listing Price: $1,899,000

Cap Rate
6.75%
Number of Units
8
GRM
11.95
Occupancy
100.0%
Price/Unit
$237,375
Price/Gross SF
$308.78
Gross SF
6,150

Investment Highlights

  • 6.47% cap rate - no where in the Phoenix valley will an investor find a property at this price point and quality.
  • Every unit renovated and leased on new 12 month terms.
  • Low expenses due to quality of renovations put in place.

Investment Overview

No active small multifamily listing in Tempe is both renovated and gated. Courtyard on Mill delivers a 2026 roof, stucco, ACs and fully remodeled interiors, smartlock gated entry, assigned covered parking, private patios on the ground floor and a new laundry room — a specification otherwise found only in South Scottsdale at $281,000–$325,000 per unit.

Exclusively Listed By

Financing By

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