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The Gem on Missouri 1623-1625 W Missouri Ave 29 Unit Apartment Building $6,193,065 CAD ($213,554 CAD/Unit) 4.77% Cap Rate Phoenix, AZ 85015



Investment Highlights
- Modern Interior Finishes: The property features contemporary upgrades throughout all units.
- Gated Community: Controlled access provides enhanced security and peace of mind.
- On-Site Fitness Center: A dedicated fitness facility is available for tenant use.
- In-Unit Washer & Dryer: Every unit is equipped with its own washer and dryer for resident convenience.
- Resort-Style Amenities: Residents enjoy a pool and outdoor lounge areas for relaxation.
- Covered Parking: Ample covered parking is provided for tenant convenience.
Executive Summary
David Harrington
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, LLC
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, LLC
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price | $6,193,065 CAD | Apartment Style | Garden |
| Price Per Unit | $213,554 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 22,650 SF |
| Cap Rate | 4.77% | Average Occupancy | 100% |
| No. Units | 29 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $6,193,065 CAD |
| Price Per Unit | $213,554 CAD |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 22,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,472 CAD | 675 |
| 2+1.5 | 6 | $1,771 CAD | 1,000 |
| 2+2 | 2 | $2,296 CAD | 1,000 |
| 3+1.5 | 1 | $2,359 CAD | 1,200 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $145,911 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$145,911 CAD
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The Gem on Missouri | 1623-1625 W Missouri Ave
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