Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

933 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Palm Square Apartments 4811-4815 N 15th Ave 18 Unit Apartment Building $3,282,072 CAD ($182,337 CAD/Unit) Phoenix, AZ 85015

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

Advantageously situated directly north of Midtown's Melrose Arts District, Palm Square (“the property”) is an 18-unit community primely located in Central Phoenix. With the convenience and proximity of the Interstate 17 Freeway and State Route 51, two of The Valley’s major transportation arteries, residents are provided direct access to nearly any destination across The Valley within a desirable commute time. A number of the most prominent employment and entertainment corridors in the state are just a short drive away. The Innovation Employment Corridor, which runs down Central Avenue, provides employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. In addition, Palm Square is just two miles from Grand Canyon University, the largest Christian university in the nation, with an on-campus enrollment of ±25,000 students and online enrollment of ±90,000 students.
Built in 1958 Palm Square is comprised of 6 studio, 10 one-bedroom, and 2 two-bedroom floorplans. The entire community's exterior has been renovated with new paint, landscaping, roof, windows, and select mechanical (HVAC and electrical). In addition, 15 of the 18 unit's interiors have been renovated with new appliances, countertops, cabinets, flooring, fixtures, hardware, and individual washer/dryer.

Offering Memorandum

Property Facts

Price	$3,282,072 CAD	Lot Size	0.67 AC
Price Per Unit	$182,337 CAD	Building Size	9,383 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	18	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1958/2023
Property Subtype	Apartment	Parking Ratio	1.92/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	R-4 - R-4 multi-family residential

Price	$3,282,072 CAD
Price Per Unit	$182,337 CAD
Sale Type	Investment
No. Units	18
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.67 AC
Building Size	9,383 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1958/2023
Parking Ratio	1.92/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-4 - R-4 multi-family residential