The Shorewood 3601 N 5th Ave 21 Unit Apartment Building $5,500,000 ($261,905/Unit) 5.49% Cap Rate Phoenix, AZ 85013
INVESTMENT HIGHLIGHTS
- Completely renovated apartment community that boasts mid-century art deco style architecture modernized to fit the young professional tenant base.
EXECUTIVE SUMMARY
21 unit multi-family property for sale.
PROPERTY FACTS
| Price | $5,500,000 |
| Price Per Unit | $261,905 |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 25,165 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R-4, Phoenix |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Breakfast Nook
- Double Pane Windows
- Family Room
- Linen Closet
- Loft Layout
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Picnic Area
- Pool
- Gated
- Grill
- Package Service
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 760 - 900 |
| 2+2 | 11 | - | 1,100 |
| 6+2 | 2 | - | 1,100 |
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 118-29-005E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $113,127 |
