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The Spot on Tuckey 1815 W Tuckey Ln 16 Unit Apartment Building $4,373,880 CAD ($273,367 CAD/Unit) 6.01% Cap Rate Phoenix, AZ 85015
Investment Highlights
- Majority Large 2 Bedroom Townhome Style Units
- Major Quality Exterior Capital Improvements
- Walking Distance to 52 Acre Washington Park, Phoenix Tennis & Pickelball Center
- 2024 Fully Renovated with Modern Finishes
- Walking Distance to Maryland Primary School
- Minutes from Midtown Phoenix Employment, Creighton University Health Science Campus, St. Josephs Hospital & Medical Center
Executive Summary
The Spot on Tuckey is a boutique fully renovated Mid-Century modern community nestled in a desirable West Central Phoenix neighborhood. The community is minutes from the Uptown, Encanto, and Melrose District. These apartment homes have been fully remodeled from top to bottom with contemporary finishes and include in unit washer/dryer. A newly landscaped courtyard and renovated pool area provide incredible outdoor space for residents to enjoy. Comprised of 4 large 1 Bedroom/1 Bath Townhome style units at 900 SF and 12 large 2 Bedroom/1.5 Bath Townhome style units boasting 1,100 SF. These oversize two-story townhome units are very seldom available in the Phoenix Metro apartment market, leading to enhanced tenant attraction and retention while commanding significant rental premiums over standard apartment units within the submarket. Additionally, the community offers covered patios, a gated courtyard, and spacious private patios that overlook the lush courtyard and pool.
Property Facts
| Price | $4,373,880 CAD | Building Class | C |
| Price Per Unit | $273,367 CAD | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 16,800 SF |
| Cap Rate | 6.01% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-4, Phoenix - Residential | ||
| Price | $4,373,880 CAD |
| Price Per Unit | $273,367 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 16,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R-4, Phoenix - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,784 CAD | 900 |
| 2+1.5 | 12 | $1,922 CAD | 1,100 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 156-45-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $203,922 CAD |
Property Taxes
Parcel Number
156-45-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$203,922 CAD
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The Spot on Tuckey | 1815 W Tuckey Ln
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