Multifamily
Prodigy
1725 E Cambridge Ave, Phoenix, AZ 85006
Listing Price: $5,000,000
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.
Listing Price: $5,000,000
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.
