The Regency Apartments is a 36-unit, gated apartment community located in the
heart of midtown Phoenix. The property is located in the center of town where many
revitalization efforts are taking place. It is a less than 1.5 miles to two different light
rail stations and sides the Phoenix Grand Canal. Construction is scheduled to start
this year on Phase I of the Grand Canalscape Project, adding a multi-use commuter
path, pedestrian lighting, landscaping, and public elements. This portion of the
canal is acessible literally right outside the front door of this property. The property's
location is extremely central and allows residents to enjoy, with ease, so much of
what Phoenix has to offer. With many dining (the famed 7th Street Restaurant Row is
less than two miles away), shopping, and entertainment options, as well as multiple
freeway access points within minutes, The Regency Apartments is an extremely
desirable property for residents and has consistently maintained high occupancy.
The Regency Apartments sits in a very well located neighborhood that is in the
midst of revitalization. This gated community was built in 1985 and features a great
unit mix of 8 large one-bedroom / one-bathroom units and 28 two-bedroom / two
bathroom units. The property features frame / stucco construction. All units have
washer / dryer hookups inside the apartments and all are individually metered for
electricity. This property offers a great value-add opportunity in the heart of Phoenix.
There are very few properties available of this size in the center of town, and the unit
mix, including a large number of two-bedroom / two-bathroom units, all with
interior washer/dryer hookups, makes this an extremely attractive investment.
