Sienna Court is a 98 unit low density community located in Glendale, Arizona. The property has tremendous curb appeal and affords excellent frontage along 67th Avenue, a major North-South thoroughfare with traffic counts of 29,000/day. Within 10 minutes of the property is Westgate Entertainment District, a 223 acre, mixed-use development that offers residents 8,000,000 square feet of shopping, dining, entertainment, high-end condominiums, parks and office space. Westgate is also home to State Farm Stadium, home of the Arizona Cardinals Football Team and Gila River Arena, home to the Arizona Coyotes Hockey Team. Sienna Court is also within close proximity of ASU West, Glendale Community College, and Grand Canyon University. Furthermore, Sienna Court is just a one minute walk of North of O’Niel Park and William C. Jack Elementary School, providing a tremendous benefit to residents and their families and a huge rent driver for ownership.
Sienna Court was built in 1974 of block construction with and an attractive stucco exterior with pitched composition shingle roofs and is situated on a 5.8 acre rectangular site. Community amenities include a swimming pool with picnic area, playground, basketball court, and laundry facility. The property has 9 free standing buildings situated over the 5.8 acres that equates to 16.9 units/acre providing residents with a tremendous amount of space compared to most apartment communities that offer fewer buildings and higher density. The property offers an outstanding unit mix consisting of one, two, three and four bedroom units ranging from 619 to 1,073 square feet with 69% of the community comprised of two, three and four bedroom units resulting in maximum rent potential. Their have been several improvements made to the property in recent years to improve the mechanicals and overall operations of the property including new roofs, re-pipping of the domestic water lines throughout the entire property, installation of a new cooling tower, new boiler, new shut off valves in each building, the installation of 119 gallon storage expansion tank. Additional improvements include pool resurfacing, dual drains and handrails installed, and high efficiency laundry equipment that provides 100% of the revenue to ownership and will convey with the sale.
Sienna Court offers an investor a tremendous opportunity to acquire a low density community comprised of 69% large 2 BR, 3 BR, and 4 BR units floor-plan located within 10 minutes of Westgate Entertainment District and walking distance of a neighborhood park and elementary school.
