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1031 N 48th St
Phoenix, AZ 85008
Villas at Papago · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Desirable Papago Park Corridor Location with High Barriers to Entry
- 85% Two-Bedroom Floor Plans that Average 900 Square Feet
- 1986 & 1981 Construction
- Value-Add Potential Through Interior Renovations
- 18-Years of Continuous Ownership at Papago Gardens
- Excellent Nearby Amenities Including Papago Park, Tempe Town Lake, Tempe Marketplace, and Downtown Tempe
Executive Summary
JLL is pleased to introduce The Phoenix 6, a six-property, 393-unit, multifamily portfolio strategically positioned across three of Phoenix’s most coveted submarkets — the Papago Park corridor, the Biltmore/Arcadia district, and Midtown Phoenix with an average of 16+ Years of Continuous Ownership. The Portfolio is comprised of five distinct offerings: Papago Gardens and The Villas at Papago, a two-property assemblage situated on contiguous parcels along the North 48th Street corridor; Santorini Villas, also along the 48th Street corridor; Camelback Courtyard and Cactus Canyon within the prestigious Biltmore and Arcadia neighborhoods; and Partenza on Highland, situated in the heart of Uptown Phoenix. The Portfolio consists of nearly 80% two-bedroom floor plans and additionally offers studios, one-, two-, and three-bedroom floor plans, providing broad renter demographic appeal and diversification across asset types and locations.
Property Facts
| Sale Type | Investment | Lot Size | 0.51 AC |
| No. Units | 17 | Building Size | 17,510 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Building Class | C | Parking Ratio | 1.47/1,000 SF |
| Zoning | R-4, Phoenix | ||
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 17,510 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R-4, Phoenix |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Walking/Biking Trails
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 17 | - | 1,130 |
Property Taxes
| Parcel Number | 125-10-015 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $63,439 CAD |
Property Taxes
Parcel Number
125-10-015
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$63,439 CAD
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