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1207 N 48th St
Phoenix, AZ 85008
Santorini Villa Apartments · Multifamily Property For Sale
·
61 Units
Investment Highlights
- Desirable East Phoenix Location with High Barriers to Entry
- 1984 Construction
- Excellent Nearby Amenities Including Papago Park, Tempe Town Lake, Tempe Marketplace, and Downtown Tempe
- Value-Add Potential Through Interior Renovations
- 18-Years of Continuous Ownership
- Robust Nearby Demographic Profile and Employment Drivers
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 | 2.00 AC |
| No. Units | 61 | Building Size | 42,095 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | B | Parking Ratio | 1.66/1,000 SF |
| Zoning | R-4, Phoenix | ||
| Sale Type | Investment |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 42,095 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | R-4, Phoenix |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Heating
- Tile Floors
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Tub/Shower
- Grill
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 560 |
| 2+2 | 28 | - | 850 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $23,761 CAD | Total Assessment | $237,602 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$23,761 CAD
Improvements Assessment
$0 CAD
Total Assessment
$237,602 CAD
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