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Multifamily

South Seventh Street

5607 S 7th St, Phoenix, AZ 85040

Listing Price: $3,200,000

Cap Rate
3.19%
Number of Units
30
Price/Unit
$106,667
Price/Gross SF
$195.72
Gross SF
16,350

Investment Overview

S O U T H S E V E N T H S T R E E T is a 30-unit apartment community located adjacent to South Mountain High School between the natural beauty of South Mountain Preserve and modern Downtown Phoenix offering outstanding access to both lifestyle and recreation as well as thriving economic opportunities. The property is underpinned by a strong employment landscape led by a equally-distanced downtown and Southwest Valley Industrial Corridor inclusive of more than ±205,000 employees featuring tenants such as Amazon, Wells Fargo, and Bank of America among others. The property also provides access to several of Downtown Phoenix's most coveted museums, theaters, and major league stadiums including Chase Field, home of the Arizona Diamondbacks, and Talking Stick Resort Arena, home of the Phoenix Suns. Developed in 1966, South Seventh Street is comprised of a complementary mix of studio and one-bedroom floorplans averaging 545 square feet. These low-density units are located on 3.73 acres of R-3 zoned land. Future ownership will have the opportunity to improve current operations and/or develop additional units.

Investment Highlights

  • Located on 3.73 AC of R-3 Zoned land.
  • Adjacent to South Mountain High School
  • Value-add, long-term held by owner/operator.

Exclusively Listed By

Multifamily

South Seventh Street

Listing Price: $3,200,000

Cap Rate
3.19%
Number of Units
30
Price/Unit
$106,667
Price/Gross SF
$195.72
Gross SF
16,350

Investment Highlights

  • Located on 3.73 AC of R-3 Zoned land.
  • Adjacent to South Mountain High School
  • Value-add, long-term held by owner/operator.

Investment Overview

S O U T H S E V E N T H S T R E E T is a 30-unit apartment community located adjacent to South Mountain High School between the natural beauty of South Mountain Preserve and modern Downtown Phoenix offering outstanding access to both lifestyle and recreation as well as thriving economic opportunities. The property is underpinned by a strong employment landscape led by a equally-distanced downtown and Southwest Valley Industrial Corridor inclusive of more than ±205,000 employees featuring tenants such as Amazon, Wells Fargo, and Bank of America among others. The property also provides access to several of Downtown Phoenix's most coveted museums, theaters, and major league stadiums including Chase Field, home of the Arizona Diamondbacks, and Talking Stick Resort Arena, home of the Phoenix Suns. Developed in 1966, South Seventh Street is comprised of a complementary mix of studio and one-bedroom floorplans averaging 545 square feet. These low-density units are located on 3.73 acres of R-3 zoned land. Future ownership will have the opportunity to improve current operations and/or develop additional units.

Exclusively Listed By

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