Papago Fairways 5343 E Taylor St 51 Unité Immeuble d’appartements 13 771 795 $ CAD (270 035 $ CAD/Unité) Phoenix, AZ 85008

Civic is pleased to announce the opportunity to acquire Papago Fairways Apartments, a 51-unit value-add, three story community located in Phoenix Arizona adjacent to the 16th tee of the Papago Golf Course. Papago Fairways consists of fifty-one units built in 1989, along with a tri-plex, a single family house and two vacant parcels, enabling the development of additional units spanning Polk St on the South and Taylor St on the North; all while collecting stable income on the existing units in one of Phoenix’s most resilient rental corridors.
Located just north of McDowell Road, off of 52nd St, Papago Fairways offers the Value-add investor/developer a well-positioned investment in a bedroom community, that through a properly conceived improvement/development program, can take advantage of the below market rates currently in place, as well as constructing additional units to capitalize on future growth. Renovated & neighboring properties are charging rental premiums of between $200-$400 per unit.