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Paradise Arbor 3102 E Paradise Ln 28 Unit Apartment Building $6,752,102 CAD ($241,146 CAD/Unit) Phoenix, AZ 85032



Investment Highlights
- 28 Total Units, Completed in 1985
- Individually Metered for Electricity & Individual HVAC's / Hot Water Heaters
- Long-Term Ownership Since 2014
- All 2-Bedroom Unit Types (2-Bedroom / 1.5-Bathroom (71.4%) & 2-Bedroom / 2-Bathroom (28.6%), 736 Average Square Footage
- Value-Add Opportunity (Only 10 Units With Washer / Dryer Hook-ups & Appliances)
- Offered All Cash / New Loan
Executive Summary
Paradise Arbor Apartments is a 28-unit garden-style apartment community located in the Northeast submarket of Phoenix, AZ. Situated on East Paradise Lane midway between East Greenway Road and Bell Road, residents enjoy direct access to all areas of the Phoenix Valley by way of the Piestewa Freeway (State Route 51) and the Pima Freeway (Loop 101). In addition, there are numerous dining and entertainment options in close proximity to the property, including Desert Ridge Marketplace, one of the most popular retail power centers in the Phoenix Metro with 1.2 million square feet of retail space and the Kierland Commons, an upscale lifestyle center featuring more than 70 high-end specialty stores and restaurants on 437,000 square feet in an upscale main-street format.
Built in 1985, the property is constructed of a combination wood frame / masonry with pitched composition shingle roofs. The unit mix consists of 20 two-bedroom / one-and-a-half bath units and 8 two-bedroom / two-bath units with a weighted average of 736 square feet. Each unit is individually metered for electricity and features individual hot water heaters and HVAC’s. Interior amenities include air conditioning / heating, and kitchens fully equipped with dishwasher, garbage disposal, range / oven, and refrigerator. Select units offer in-unit washer / dryer and patio or private backyards. The community also provides its residents with a swimming pool, one laundry facility, a barbeque / picnic area, and open / covered parking.
Significant nearby employers include the Mayo Clinic, Paradise Valley Community College, Abrazo Scottsdale Campus, Deer Valley Airport / Airpark, Farmers Insurance, American Express, USAA, Discover, and PetSmart.
Built in 1985, the property is constructed of a combination wood frame / masonry with pitched composition shingle roofs. The unit mix consists of 20 two-bedroom / one-and-a-half bath units and 8 two-bedroom / two-bath units with a weighted average of 736 square feet. Each unit is individually metered for electricity and features individual hot water heaters and HVAC’s. Interior amenities include air conditioning / heating, and kitchens fully equipped with dishwasher, garbage disposal, range / oven, and refrigerator. Select units offer in-unit washer / dryer and patio or private backyards. The community also provides its residents with a swimming pool, one laundry facility, a barbeque / picnic area, and open / covered parking.
Significant nearby employers include the Mayo Clinic, Paradise Valley Community College, Abrazo Scottsdale Campus, Deer Valley Airport / Airpark, Farmers Insurance, American Express, USAA, Discover, and PetSmart.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,752,102 CAD | Building Class | C |
| Price Per Unit | $241,146 CAD | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 20,600 SF |
| No. Units | 28 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1985/2024 |
| Apartment Style | Garden | Parking Ratio | 4.13/1,000 SF |
| Price | $6,752,102 CAD |
| Price Per Unit | $241,146 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 20,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2024 |
| Parking Ratio | 4.13/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Grill
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 20 | - | 730 |
| 2+2 | 8 | - | 750 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 214-31-024 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $169,705 CAD (2025) |
Property Taxes
Parcel Number
214-31-024
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$169,705 CAD (2025)
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Paradise Arbor | 3102 E Paradise Ln
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