2032 W Orangewood Ave
Phoenix, AZ 85021
Bougainvillea Garden Apartments · Immeuble residentiel Propriété À vendre · 31 Unités

Bougainvillea Garden Apartments is a 31-unit singlestory
garden-style multifamily community located
in a desirable north Phoenix neighborhood with over
13-years of continuous ownership. The property was
built in 1964 and is made of block construction with
built up foam roofs and is individually metered for
electricity.
The unit mix is comprised of 97% Two-Bedroom/
One-Bathroom floor plans that average 860 square
feet and feature classic finish levels. All units have a
large private front patio. This low-density community
has an oversized courtyard and is situated on 2.36
Acres (13.14 Units/Acre).
Bougainvillea Garden Apartments offers an investor
the rare opportunity to acquire an untouched asset
with significant value-add/rebranding potential as
the community has not undergone any significant
renovations and all the unit finish levels are of a classic
scope. Renovated properties within the competitive
landscape achieve rent premiums up to $300 per
month higher than the subject property. In addition,
the offering is attractively priced at $148,387 per
unit and $175 per square foot, significantly below the
metro Phoenix average.