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Eclipse Apartments 2641 W Butler Dr 75 Unit Apartment Building $23,805,600 CAD ($317,408 CAD/Unit) Phoenix, AZ 85051
Investment Highlights
- Prime opportunity to acquire a well-maintained multifamily property offering an affordable and convenient living solution in the metro area.
- Eclipse Apartments offers multiple floor plans, including 45 two-bedroom units, 15 one-bedroom units, and 15 studios, averaging 800 square feet.
- Residents enjoy multiple on-site amenities, including a pool, laundry facilities, an office, a playground, and lush desert landscaping.
- Excellent commuter access to Interstate 17, Downtown Phoenix, and nearby areas such as Glendale, Scottsdale, Tempe, and Mesa.
Executive Summary
Eclipse Apartments at 2641 W Butler Drive is a 75-unit, garden-style apartment community established in 1972 and ideally located in Phoenix, Arizona. The attractive unit mix consists of 60% two-bedroom, 20% one-bedroom, and 20% studio units, averaging 800 square feet. Each apartment features stainless steel appliances, refurbished kitchens, and vinyl plank flooring. Eclipse Apartments contain four garden-style apartment buildings situated on a 2.62-acre site. The community includes a pool, laundry facility, office, playground, and desert landscaping throughout.
Situated on Butler Drive, residents enjoy direct access to all areas of Phoenix via Interstate 17. The Eclipse Apartments are also close to the Light Rail, providing car-free commutes throughout the Valley of the Sun. Residents will find an abundance of conveniences and attractions at Desert Sky Mall, El Oso Park, and several other shopping centers, each filled with restaurants and retailers.
Nestled in the heart of the Phoenix metro, this property is in a safe, welcoming suburban community just 12 miles west of downtown. The neighborhood offers a comfortable atmosphere of residential charm, providing an ideal setting for families, professionals, and students. Nearby schools, such as Maryvale High School, provide quality K-12 education, while Grand Canyon University offers higher education opportunities and a vibrant campus life. With well-maintained parks, shopping centers, and public transit options close at hand, this location offers the best of the suburbs with easy access to the city.
Situated on Butler Drive, residents enjoy direct access to all areas of Phoenix via Interstate 17. The Eclipse Apartments are also close to the Light Rail, providing car-free commutes throughout the Valley of the Sun. Residents will find an abundance of conveniences and attractions at Desert Sky Mall, El Oso Park, and several other shopping centers, each filled with restaurants and retailers.
Nestled in the heart of the Phoenix metro, this property is in a safe, welcoming suburban community just 12 miles west of downtown. The neighborhood offers a comfortable atmosphere of residential charm, providing an ideal setting for families, professionals, and students. Nearby schools, such as Maryvale High School, provide quality K-12 education, while Grand Canyon University offers higher education opportunities and a vibrant campus life. With well-maintained parks, shopping centers, and public transit options close at hand, this location offers the best of the suburbs with easy access to the city.
Property Facts
| Price | $23,805,600 CAD | Lot Size | 2.62 AC |
| Price Per Unit | $317,408 CAD | Building Size | 60,040 SF |
| Sale Type | Investment | Average Occupancy | 93% |
| No. Units | 75 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M-H - Residential | ||
| Price | $23,805,600 CAD |
| Price Per Unit | $317,408 CAD |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.62 AC |
| Building Size | 60,040 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2019 |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-H - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Gated
- Grill
- Laundry Service
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 250 |
| 1+1 | 15 | - | 750 |
| 2+2 | 45 | - | 1,000 |
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Bobby Q | Barbecue | $$ | 3 min walk |
| Cafe Emina | Cafe | - | 12 min walk |
| Baiz Market | Middle Eastern | $$ | 12 min walk |
| Jack In The Box | - | - | 13 min walk |
| Denny's | American | - | 14 min walk |
| Schlotzsky's | Bakery | - | 14 min walk |
| Fuddruckers | - | - | 14 min walk |
| Indigo At The Sheraton Crescnt | American | $$ | 15 min walk |
| Akaihana Sushi and Grill | Japanese | $$$ | 15 min walk |
| Sushi Restaurant Mr | Japanese | $$$ | 15 min walk |
Retail |
||
|---|---|---|
| Dollar General | Dollar/Variety/Thrift | 12 min walk |
| DolEx Dollar Express | Finance Company | 12 min walk |
| Wireless Toyz | Consumer Electronics | 14 min walk |
| am/pm | Convenience Market | 14 min walk |
| VCA Animal Hospitals | Animal Care/Groom | 14 min walk |
Hotels |
|
|---|---|
| Courtyard |
146 rooms
6 min drive
|
| Sheraton Hotel |
342 rooms
5 min drive
|
| Best Western |
87 rooms
6 min drive
|
| DoubleTree by Hilton |
284 rooms
7 min drive
|
| Hilton |
584 rooms
15 min drive
|
Property Taxes
| Parcel Number | 158-04-008A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $308,057 CAD |
Property Taxes
Parcel Number
158-04-008A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$308,057 CAD
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Presented by
Lone Star State Alexander Capital, LLC
Eclipse Apartments | 2641 W Butler Dr
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