5250 N 20th St
Phoenix, AZ 85016
The Hibiscus · Multifamily Property For Sale · 37 Units

For nearly five decades, The Hibiscus has been thoughtfully cared for by a dedicated long-term owner whose pride of ownership is evident throughout every aspect of the Property. Acquired 48 years ago when much of the area north of Camelback Road was still characterized by expansive citrus groves, the ownership team recognized the unique character and potential of this irreplaceable location. Rather than simply operating the Property, they became stewards of its legacy, investing decades of care, attention, and thoughtful cultivation to preserve the charm and natural beauty that make The Hibiscus truly distinctive.
Over the course of their ownership, the Property has been lovingly maintained and enhanced with a focus on preserving its historic character and creating a unique living environment for residents. A defining feature of this commitment is the preservation and nurturing of an extraordinary citrus landscape, with more than one citrus tree maintained for every residential unit—an uncommon
attribute that reflects the care and intentionality behind the Property's design and ongoing stewardship.
The result is a one-of-a-kind residential community that blends timeless character with the enduring appeal of one of Metro Phoenix's most desirable neighborhoods. After 48 years of ownership, The Hibiscus represents more than a real estate investment—it embodies decades of dedication, preservation, and pride, offering a rare opportunity to acquire an asset with a legacy that cannot be replicated.
Originally developed in 1960, the Property's unit mix features uniquely expansive floorplans consisting of one-bedroom (±30%), two-bedroom (±65%), and three-bedroom (±5%) units covering an average of ±1,104 square feet. Future ownership will have the opportunity to implement a platinum-level interior renovation program to all units and capitalize on the associated interior renovation premium available in such an elite location.