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Multifamily

Prodigy

1725 E Cambridge Ave, Phoenix, AZ 85006

Listing Price: $5,000,000

Cap Rate
3.74%
Number of Units
16
Price/Unit
$312,500
Price/Gross SF
$390.62
Gross SF
12,800

Investment Overview

Prodigy is a 16-unit apartment community located near the intersection of Thomas Road and 16th street, less than half a mile from State Route 51 (SR 51). Beyond its envious positioning quarter of a mile from Phoenix Children’s Hospital and its ±318,818 employees, this Central Phoenix location is engulfed by well-established, thriving employment corridors within a three-mile commute. Both the Biltmore | Camelback and the Innovation Employment Corridors provide effortless access to top-tier employers such as IBM, Deloitte, Cisco, and Morgan Stanley. Additionally, this Central Phoenix location is surrounded by extremely desirable lifestyle destinations offering endless options for dining, shopping, and entertainment found throughout the Biltmore, Midtown, and Downtown submarkets. Developed in 1987, Prodigy is comprised entirely of two-bedroom floorplans, each offering 800 square feet. Future ownership will have the luxury of immediate cash-flow from a turn-key asset, while having the opportunity to capitalize on current below-market rents as lease turnover leads to each unit becoming marked-to-market.

Investment Highlights

  • Uniquely located immediately across the street from Phoenix Children's Hospital.
  • All units are fully renovated and include in-suite laundry.
  • 1987 vintage. All spacious two-bedroom floorplans.

Exclusively Listed By

Financing By

Listing Price: $5,000,000

Cap Rate
3.74%
Number of Units
16
Price/Unit
$312,500
Price/Gross SF
$390.62
Gross SF
12,800

Investment Highlights

  • Uniquely located immediately across the street from Phoenix Children's Hospital.
  • All units are fully renovated and include in-suite laundry.
  • 1987 vintage. All spacious two-bedroom floorplans.

Investment Overview

Prodigy is a 16-unit apartment community located near the intersection of Thomas Road and 16th street, less than half a mile from State Route 51 (SR 51). Beyond its envious positioning quarter of a mile from Phoenix Children’s Hospital and its ±318,818 employees, this Central Phoenix location is engulfed by well-established, thriving employment corridors within a three-mile commute. Both the Biltmore | Camelback and the Innovation Employment Corridors provide effortless access to top-tier employers such as IBM, Deloitte, Cisco, and Morgan Stanley. Additionally, this Central Phoenix location is surrounded by extremely desirable lifestyle destinations offering endless options for dining, shopping, and entertainment found throughout the Biltmore, Midtown, and Downtown submarkets. Developed in 1987, Prodigy is comprised entirely of two-bedroom floorplans, each offering 800 square feet. Future ownership will have the luxury of immediate cash-flow from a turn-key asset, while having the opportunity to capitalize on current below-market rents as lease turnover leads to each unit becoming marked-to-market.

Exclusively Listed By

Financing By

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