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Multifamily

The Duff

2006 N 51st St, Phoenix, AZ 85008

Listing Price: $2,650,000

Cap Rate
4.30%
Number of Units
9
Price/Unit
$294,444
Price/Gross SF
$304.60
Gross SF
8,700

Investment Overview

THE DUFF is a nine-unit apartment community positioned in the geographical heart of the Phoenix MSA offering outstanding connectivity to pivotal Valley submarkets, including Phoenix, Scottsdale, Tempe, Glendale, and the greater southeast Valley. Within a ten-mile radius, the property is afforded access to ±581,100 employees at companies such as Charles Schwab, Yelp, State Farm, Wells Fargo, Honeywell, and General Dynamics as well as outstanding reach to Greater Phoenix's best hospitals inclusive of Banner University Medical Center, Valleywise Health Medical Centers, and Honorhealth Scottsdale Osborn Medical Center. The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The Duff is comprised of a complementary mix of two and three-bedroom floorplans - all units averaging 967 square feet. Future ownership will have the opportunity to capitalize on sustained rental growth due to it's rapidly-improving prime location.

Investment Highlights

  • Located in the rapidly improving Papago submarket of Phoenix.
  • Surrounded by newly constructed and under construction townhome communities. 5 additional development projects are currently underway on the street.
  • All units are renovated and include in-suite laundry/private patios. two- and three-bedroom floorplans.

Exclusively Listed By

Financing By

Listing Price: $2,650,000

Cap Rate
4.30%
Number of Units
9
Price/Unit
$294,444
Price/Gross SF
$304.60
Gross SF
8,700

Investment Highlights

  • Located in the rapidly improving Papago submarket of Phoenix.
  • Surrounded by newly constructed and under construction townhome communities. 5 additional development projects are currently underway on the street.
  • All units are renovated and include in-suite laundry/private patios. two- and three-bedroom floorplans.

Investment Overview

THE DUFF is a nine-unit apartment community positioned in the geographical heart of the Phoenix MSA offering outstanding connectivity to pivotal Valley submarkets, including Phoenix, Scottsdale, Tempe, Glendale, and the greater southeast Valley. Within a ten-mile radius, the property is afforded access to ±581,100 employees at companies such as Charles Schwab, Yelp, State Farm, Wells Fargo, Honeywell, and General Dynamics as well as outstanding reach to Greater Phoenix's best hospitals inclusive of Banner University Medical Center, Valleywise Health Medical Centers, and Honorhealth Scottsdale Osborn Medical Center. The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The Duff is comprised of a complementary mix of two and three-bedroom floorplans - all units averaging 967 square feet. Future ownership will have the opportunity to capitalize on sustained rental growth due to it's rapidly-improving prime location.

Exclusively Listed By

Financing By

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