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Multifamily

Sachar Court Apartments

6608 N 16th St, Phoenix, AZ 85016

Listing Price: $4,250,000

Cap Rate
4.60%
Number of Units
5
Price/Unit
$850,000

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire The Sachar Court Apartments – a new construction five–unit multifamily community located in between the prestigious Camelback Corridor and Uptown Phoenix. Situated south of Glendale Avenue and on 16th Street and, The Sachar Court Apartments are only minutes away from upscale shopping, recreational activities, vast amounts of entertainment and one of the most vibrant restaurant corridors in all of Phoenix. The property is located in proximity to multiple grocers as well as popular destinations such as the Arizona Biltmore Resort, Biltmore Fashion Park and Camelback Mountain. With the growth of award–winning restaurants, trendy coffee shops and bistros prospering throughout the Camelback Corridor and Uptown Phoenix, this location draws in young professionals and families who desire to live an urban lifestyle. An added benefit to young families is the proximity to the highly regarded Madison Elementary School District which offers Signature Programs that allow students to develop their talents and explore new opportunities in addition to their regular academic classes. Sachar Court provides an investor with unique income generating opportunities and exit strategies including a hybrid of short-term and long-term rentals. Sachar Court is individually parceled allowing the owner the option of selling off the units individually as the 85016 single-family home submarket continues to appreciate.

Investment Highlights

  • Opportunity to acquire a luxury, boutique rental community ideally located in close proximity to the Camelback corridor and Uptown Phoenix.
  • Rare large 4 bedroom detached townhome unit mix.
  • Unique income generating opportunity with the need for Corporate Housing in the immediate area.

Exclusively Listed By

Financing By

Multifamily

Sachar Court Apartments

Listing Price: $4,250,000

Cap Rate
4.60%
Number of Units
5
Price/Unit
$850,000

Investment Highlights

  • Opportunity to acquire a luxury, boutique rental community ideally located in close proximity to the Camelback corridor and Uptown Phoenix.
  • Rare large 4 bedroom detached townhome unit mix.
  • Unique income generating opportunity with the need for Corporate Housing in the immediate area.

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire The Sachar Court Apartments – a new construction five–unit multifamily community located in between the prestigious Camelback Corridor and Uptown Phoenix. Situated south of Glendale Avenue and on 16th Street and, The Sachar Court Apartments are only minutes away from upscale shopping, recreational activities, vast amounts of entertainment and one of the most vibrant restaurant corridors in all of Phoenix. The property is located in proximity to multiple grocers as well as popular destinations such as the Arizona Biltmore Resort, Biltmore Fashion Park and Camelback Mountain. With the growth of award–winning restaurants, trendy coffee shops and bistros prospering throughout the Camelback Corridor and Uptown Phoenix, this location draws in young professionals and families who desire to live an urban lifestyle. An added benefit to young families is the proximity to the highly regarded Madison Elementary School District which offers Signature Programs that allow students to develop their talents and explore new opportunities in addition to their regular academic classes. Sachar Court provides an investor with unique income generating opportunities and exit strategies including a hybrid of short-term and long-term rentals. Sachar Court is individually parceled allowing the owner the option of selling off the units individually as the 85016 single-family home submarket continues to appreciate.

Exclusively Listed By

Financing By

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