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Multifamily

Sora on Rose

6201 N 16th St, Phoenix, AZ 85016

Listing Price: Request For Offer

Number of Units
92
Gross SF
74,984

Investment Overview

A Boutique, Value-Add Multifamily Asset in the Heart of Uptown Phoenix Sora on Rose Occupying a privileged position among the historic neighborhoods, walkable lifestyle accommodations, and powerhouse professional corridors of Central Phoenix stands Sora on Rose, a 92-unit multifamily asset. Sora on Rose offers the prospect of property-wide value-add opportunities in one of the highest barriers to submarket entry in the Valley. Located immediately north of the 16th Street and Bethany Home Road intersection, the Property offers investors the rare prospect to acquire a property with recognizable value-add opportunity within one of Central Phoenix’s most coveted neighborhoods. Scarcity of developable land coupled with enduring residential property values provide for an excellent investment that benefits from the competitive shelter of future multifamily supply. Moreover, Sora on Rose presents access to a multifaceted location underpinned by an established professional setting featuring ±323,200 employees within a five-mile radius and complemented by several game-changing mixed-use development led by Midtown Phoenix’s Central Park. With the ongoing economic development, Central Phoenix has also seen a surge in retail, dining, and entertainment hotspots creating an all-encompassing live, work, and play lifestyle.

Investment Highlights

  • Located in the highly-coveted submarket of Uptown Phoenix
  • Weighted average unit size of 815 SF with spacious one- and two-bedroom floorplans.
  • Value-add opportunity to renovate interiors to a premium plus condition level with an projected $400 of renovation premium.

Exclusively Listed By

Multifamily

Sora on Rose

Listing Price: Request For Offer

Number of Units
92
Gross SF
74,984

Investment Highlights

  • Located in the highly-coveted submarket of Uptown Phoenix
  • Weighted average unit size of 815 SF with spacious one- and two-bedroom floorplans.
  • Value-add opportunity to renovate interiors to a premium plus condition level with an projected $400 of renovation premium.

Investment Overview

A Boutique, Value-Add Multifamily Asset in the Heart of Uptown Phoenix Sora on Rose Occupying a privileged position among the historic neighborhoods, walkable lifestyle accommodations, and powerhouse professional corridors of Central Phoenix stands Sora on Rose, a 92-unit multifamily asset. Sora on Rose offers the prospect of property-wide value-add opportunities in one of the highest barriers to submarket entry in the Valley. Located immediately north of the 16th Street and Bethany Home Road intersection, the Property offers investors the rare prospect to acquire a property with recognizable value-add opportunity within one of Central Phoenix’s most coveted neighborhoods. Scarcity of developable land coupled with enduring residential property values provide for an excellent investment that benefits from the competitive shelter of future multifamily supply. Moreover, Sora on Rose presents access to a multifaceted location underpinned by an established professional setting featuring ±323,200 employees within a five-mile radius and complemented by several game-changing mixed-use development led by Midtown Phoenix’s Central Park. With the ongoing economic development, Central Phoenix has also seen a surge in retail, dining, and entertainment hotspots creating an all-encompassing live, work, and play lifestyle.

Exclusively Listed By

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