Skip to main content

Multifamily

Earll Palms

402 W Earll Dr, Phoenix, AZ 85013

Listing Price: $1,800,000

Cap Rate
5.84%
Number of Units
9
GRM
12.11
Price/Unit
$200,000
Price/Gross SF
$240.00
Gross SF
7,500

Investment Overview

Earll Palms is a fully renovated, 9-unit* multifamily community ideally situated in the heart of Central Phoenix. The property features an attractive unit mix consisting almost entirely of spacious two-bedroom floorplans, appealing to residents seeking additional living space in a highly accessible urban location. Extensive renovations have transformed the community with contemporary cabinetry, stainless steel appliances, upgraded countertops, and wood-style flooring. Complementing the updated interiors are two distinct outdoor gathering areas, including a shaded ground-level courtyard with comfortable seating and a second-story communal space overlooking the Downtown Phoenix skyline. These thoughtfully designed amenities enhance the property's residential appeal and competitive positioning within the surrounding rental market.

Strategically located just half a mile from Phoenix's Innovation Employment Corridor, Earll Palms benefits from proximity to a major concentration of healthcare, education, research, and technology-related employment. The surrounding healthcare employment base includes Banner – University Medical Center Phoenix, Phoenix Children's Hospital, Dignity Health St. Joseph's Hospital and Medical Center, and Creighton University's Phoenix Health Sciences Campus. Situated approximately 1.5 miles from Downtown Phoenix, the property also provides convenient access to major employers, restaurants, entertainment venues, professional sports facilities, and cultural attractions. Additionally, Interstate 10 is less than two miles away, offering connectivity throughout the greater Phoenix metropolitan area. Combining a fully renovated asset, desirable two-bedroom-heavy unit mix, and proximity to major employment and lifestyle destinations, Earll Palms presents investors with an attractive opportunity to acquire a well-positioned multifamily community in the high-demand submarket of Midtown - Central Phoenix.

Investment Highlights

  • Extensively Renovated - Fully renovated residences featuring contemporary finishes, stainless steel appliances, and wood-style flooring offer investors a turnkey asset with strong rental appeal and li
  • Desirable Unit Mix – Nearly all spacious two-bedroom floorplans and two distinct outdoor gathering areas enhance resident appeal, supporting tenant retention and competitive positioning.
  • Strategic Central Phoenix Location - Situated just half a mile from the Innovation Employment Corridor and 1.5 miles from Downtown Phoenix, providing convenient access to major employers and urban ame

Exclusively Listed By

Multifamily

Earll Palms

Listing Price: $1,800,000

Cap Rate
5.84%
Number of Units
9
GRM
12.11
Price/Unit
$200,000
Price/Gross SF
$240.00
Gross SF
7,500

Investment Highlights

  • Extensively Renovated - Fully renovated residences featuring contemporary finishes, stainless steel appliances, and wood-style flooring offer investors a turnkey asset with strong rental appeal and li
  • Desirable Unit Mix – Nearly all spacious two-bedroom floorplans and two distinct outdoor gathering areas enhance resident appeal, supporting tenant retention and competitive positioning.
  • Strategic Central Phoenix Location - Situated just half a mile from the Innovation Employment Corridor and 1.5 miles from Downtown Phoenix, providing convenient access to major employers and urban ame

Investment Overview

Earll Palms is a fully renovated, 9-unit* multifamily community ideally situated in the heart of Central Phoenix. The property features an attractive unit mix consisting almost entirely of spacious two-bedroom floorplans, appealing to residents seeking additional living space in a highly accessible urban location. Extensive renovations have transformed the community with contemporary cabinetry, stainless steel appliances, upgraded countertops, and wood-style flooring. Complementing the updated interiors are two distinct outdoor gathering areas, including a shaded ground-level courtyard with comfortable seating and a second-story communal space overlooking the Downtown Phoenix skyline. These thoughtfully designed amenities enhance the property's residential appeal and competitive positioning within the surrounding rental market. Strategically located just half a mile from Phoenix's Innovation Employment Corridor, Earll Palms benefits from proximity to a major concentration of healthcare, education, research, and technology-related employment. The surrounding healthcare employment base includes Banner – University Medical Center Phoenix, Phoenix Children's Hospital, Dignity Health St. Joseph's Hospital and Medical Center, and Creighton University's Phoenix Health Sciences Campus. Situated approximately 1.5 miles from Downtown Phoenix, the property also provides convenient access to major employers, restaurants, entertainment venues, professional sports facilities, and cultural attractions. Additionally, Interstate 10 is less than two miles away, offering connectivity throughout the greater Phoenix metropolitan area. Combining a fully renovated asset, desirable two-bedroom-heavy unit mix, and proximity to major employment and lifestyle destinations, Earll Palms presents investors with an attractive opportunity to acquire a well-positioned multifamily community in the high-demand submarket of Midtown - Central Phoenix.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower