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Elevation Townhomes 7850 S Central Ave 48 Unit Apartment Building $29,428,986 CAD ($613,104 CAD/Unit) 5.02% Cap Rate Phoenix, AZ 85041
Investment Highlights
- 2024 Built Class "A" Townhome Community
- Contemporary Santa Barbara Architecture with Modern Interior Finishes
- Large Floorplans - 2 Bedroom/2.5 Bathroom 1,315 SF and 3 Bedroom/2.5 Bathroom 1,515 SF
- Oversize Direct Access Two Car Garages
- Close Proximity to South Mountain Park/Preserve; Hiking and Biking Trails
- Thriving South Mountain Submarket | Minutes from Local Favorites - The Farm, Raven Golf Club & Legacy Golf Resort
Executive Summary
Providing contemporary Santa Barbara–inspired architecture, quality construction, and modern finishes, Elevation Townhomes offers a rare opportunity to acquire a 100% occupied, newly constructed Class “A” townhome community. Ideally positioned in the thriving South Mountain submarket, the property sits near the scenic foothills of South Mountain Park/Preserve, combining strong in-place performance with premier location appeal.
• Boutique Class “A” Class Townhome Community
• Contemporary Santa Barbara Architecture with Modern Interior Finishes
• 2024 Built with Quality Construction & Modern Technology
• Large 2/2.5 1,315 SF and 3/2.5 1,515 SF Floorplans
• Oversize Direct Access Two Car Garages
• Close Proximity to South Mountain Park/Preserve; Hiking and Biking Trails
• Minutes to the Raven Golf Club & Legacy Golf Resort
• Located Near “The Farm”, A Major Phoenix Favorite
• 10 Minutes Directly South of Downtown Phoenix Employment (Highest Concentration of Employment in the State)
• 10 Minutes from ASU Downtown Campus & Phoenix Biomedical Campus
• Boutique Class “A” Class Townhome Community
• Contemporary Santa Barbara Architecture with Modern Interior Finishes
• 2024 Built with Quality Construction & Modern Technology
• Large 2/2.5 1,315 SF and 3/2.5 1,515 SF Floorplans
• Oversize Direct Access Two Car Garages
• Close Proximity to South Mountain Park/Preserve; Hiking and Biking Trails
• Minutes to the Raven Golf Club & Legacy Golf Resort
• Located Near “The Farm”, A Major Phoenix Favorite
• 10 Minutes Directly South of Downtown Phoenix Employment (Highest Concentration of Employment in the State)
• 10 Minutes from ASU Downtown Campus & Phoenix Biomedical Campus
Property Facts
| Price | $29,428,986 CAD | Apartment Style | Townhome |
| Price Per Unit | $613,104 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 2.76 AC |
| Cap Rate | 5.02% | Building Size | 90,431 SF |
| No. Units | 48 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | M-M | ||
| Price | $29,428,986 CAD |
| Price Per Unit | $613,104 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 2.76 AC |
| Building Size | 90,431 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | M-M |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Granite Countertops
- High Speed Internet Access
- Stainless Steel Appliances
- Island Kitchen
- Patio
Site Amenities
- Controlled Access
- Clubhouse
- Property Manager on Site
- Gated
- Wi-Fi
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 27 | $3,141 CAD | 1,315 |
| 3+2.5 | 21 | $3,278 CAD | 1,525 |
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Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 300-43-095 | Improvements Assessment | $0 CAD |
| Land Assessment | $68,017 CAD | Total Assessment | $68,017 CAD |
Property Taxes
Parcel Number
300-43-095
Land Assessment
$68,017 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,017 CAD
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Elevation Townhomes | 7850 S Central Ave
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