5510 N 35th Ave | Phoenix, AZ 85017
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- LoopNet Team
5510 N 35th Ave
Phoenix, AZ 85017
The Beverly V Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Attractive assumable financing available: Fannie Mae loan with 13 years remaining, 3.85% rate, interest-only for six years
- Prime location with built-in tenant base: Directly across from Grand Canyon University, a private university with growing enrollment
- Majority of units have been remodeled
- Turnkey asset with an ideal unit mix
- Substantial recent improvements: newer roofs (~two years old), a newly asphalted parking lot, new paint, new landscaping, electrical subpanels
- Amenities: ndividual HVAC units, ample on-site parking, an on-site leasing office, storage units, two laundry rooms, and more
PROPERTY FACTS
| No. Units | 36 | Building Size | 30,762 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1959 |
| Building Class | C | Parking Ratio | 2.18/1,000 SF |
| Lot Size | 1.40 AC | ||
| Zoning | R-4 - Residential | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 30,762 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | R-4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Maintenance on site
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 26 | - | 800 |
| 3+1 | 10 | - | 895 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $13,550 | Total Assessment | $141,810 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,550
Improvements Assessment
$0
Total Assessment
$141,810
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