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Multifamily

Charter Oaks

2302 N 29th Pl, Phoenix, AZ 85008

Listing Price: $2,175,000

Cap Rate
4.53%
Number of Units
8
Price/Unit
$271,875
Price/Gross SF
$418.27
Gross SF
5,200

Investment Overview

CHARTER OAKS is a eight-unit apartment community positioned in the heart of Camelback East offering a rapidly expanding dining scene underpinned by the established employment opportunities of Camelback, 44th Street, Phoenix Airport, & the Innovation Corridors. Charter Oaks maintains access to a strong economic landscape led by ±278,900 total employees housed across ±3,700 businesses including national names such as Wells Fargo, Freeport McMoRan, JPMorgan Chase, Honeywell, and Southwest Airlines. The property is further enhanced by its proximity to innovative healthcare initials including the highly anticipated Valleywise Health Medical Center expansion and a variety of new office developments such as Central Park and Astra that highlight the desirability of the area and its economic strength. Charter Oak's position within Camelback East also affords the property access to a growing restaurant scene dispersed across central Phoenix & Scottsdale providing one-of-a-kind dining opportunities across all cuisine types. Developed in1961, Charter Oaks is comprised of a complementary mix of one- and two bedroom floorplans - all units averaging 650 square feet. All units have been fully renovated including in-suite laundry and large front patios.

Investment Highlights

  • All units are fully renovated and include in-suite laundry and extra large private patios.
  • Located in a rapidly improving Central Phoenix neighborhood.
  • Average rents above $1,400.

Exclusively Listed By

Listing Price: $2,175,000

Cap Rate
4.53%
Number of Units
8
Price/Unit
$271,875
Price/Gross SF
$418.27
Gross SF
5,200

Investment Highlights

  • All units are fully renovated and include in-suite laundry and extra large private patios.
  • Located in a rapidly improving Central Phoenix neighborhood.
  • Average rents above $1,400.

Investment Overview

CHARTER OAKS is a eight-unit apartment community positioned in the heart of Camelback East offering a rapidly expanding dining scene underpinned by the established employment opportunities of Camelback, 44th Street, Phoenix Airport, & the Innovation Corridors. Charter Oaks maintains access to a strong economic landscape led by ±278,900 total employees housed across ±3,700 businesses including national names such as Wells Fargo, Freeport McMoRan, JPMorgan Chase, Honeywell, and Southwest Airlines. The property is further enhanced by its proximity to innovative healthcare initials including the highly anticipated Valleywise Health Medical Center expansion and a variety of new office developments such as Central Park and Astra that highlight the desirability of the area and its economic strength. Charter Oak's position within Camelback East also affords the property access to a growing restaurant scene dispersed across central Phoenix & Scottsdale providing one-of-a-kind dining opportunities across all cuisine types. Developed in1961, Charter Oaks is comprised of a complementary mix of one- and two bedroom floorplans - all units averaging 650 square feet. All units have been fully renovated including in-suite laundry and large front patios.

Exclusively Listed By

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