2620 N 40th St
Phoenix, AZ 85008
The Clubhouse at Arcadia · Multifamily Property For Sale · 43 Units
![2620 N 40th St, Phoenix, AZ for sale - Other - Image 1 of 1](https://images1.loopnet.com/i2/Vwr7JVzN6a_RJDSxR5yQMv6NWyzQfh8h5BUyn96z6Sk/110/2620-N-40th-St-Phoenix-AZ-Other-1-Large.jpg)
PROPERTY FACTS
No. Units | 43 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 2.54 AC |
Building Size | 38,000 SF |
No. Stories | 1 |
Year Built/Renovated | 1951/2018 |
Parking Ratio | 1.51/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Lawn
- Patio
- Smoke Free
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Trash Pickup - Curbside
- Maintenance on site
- Smoke Detector
ABOUT 2620 N 40TH ST , PHOENIX, AZ 85008
This 43-unit property is located in the highly sought after South Arcadia neighborhood of East Phoenix, which is extremely popular being positioned in the middle of many restaurants, shopping, as well as a number of quiet single-family communities. Zillow recently rated the Camelback East neighborhood as the most popular as well as highest searched neighborhood in Phoenix. The East Phoenix Submarket, including portions of Arcadia, has experienced robust rent and occupancy growth over the last five years. In fact, rent has increased an average of 5.4% year-over-year since 2014. The average occupancy rate for the submarket is 95%, above the 94% technical mark denoting a supply imbalance. Additionally, with no new large (50+ units) projects either under construction or planned would suggest continued rent growth well into the foreseeable future.
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 15 | - | 960 |
2+1 | 1 | - | 1,385 |
2+2 | 27 | - | 1,095 |
LINKS
PROPERTY TAXES
Parcel Number | 120-01-032C | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $174,814 |
ZONING
Zoning Code | R-3 |
Listing ID: 13811665
Date on Market: 9/17/2018
Last Updated:
Address: 2620 N 40th St, Phoenix, AZ 85008
The Papago Multifamily Property at 2620 N 40th St, Phoenix, AZ 85008 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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