The Hepburn | 631 N 4th Ave
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The Hepburn 631 N 4th Ave
16 Unit Apartment Building $3,600,000 ($225,000/Unit) Phoenix, AZ 85003
Executive Summary
The Hepburn (the “Property”), a 16-unit multifamily asset, is situated among the coveted economic and entertainment prospects of Downtown Phoenix’s expanding urban culture. Set to the backdrop of the high caliber office infrastructure, the property benefits from a geographically central location offering irreplaceable walkability to all downtown has to offer.
The storied Roosevelt Row acts as the gateway to the Downtown Phoenix arts and culture scene, offering convenient access to the creative center of the region, a unique neighborhood known for public art, live music performances, art galleries, eclectic boutiques, independent businesses and much more. Located within Phoenix’s Innovation Corridor, The Hepburn has access to more than ±171,000 total employees across a roster of enduring industry leaders, including Banner Health, UnitedHealth Group, Dignity Health, Freeport McMoRan, Wells Fargo, and Quicken Loans. This impressive profile of employers is due in large part to the forward-thinking multibillion-dollar investments of the adjacent Phoenix Bioscience Core (PBC) and Arizona State University – Downtown Phoenix campus, guiding the region into an era of innovation and economic relevance.
The storied Roosevelt Row acts as the gateway to the Downtown Phoenix arts and culture scene, offering convenient access to the creative center of the region, a unique neighborhood known for public art, live music performances, art galleries, eclectic boutiques, independent businesses and much more. Located within Phoenix’s Innovation Corridor, The Hepburn has access to more than ±171,000 total employees across a roster of enduring industry leaders, including Banner Health, UnitedHealth Group, Dignity Health, Freeport McMoRan, Wells Fargo, and Quicken Loans. This impressive profile of employers is due in large part to the forward-thinking multibillion-dollar investments of the adjacent Phoenix Bioscience Core (PBC) and Arizona State University – Downtown Phoenix campus, guiding the region into an era of innovation and economic relevance.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Price | $3,600,000 | Lot Size | 0.24 AC |
Price Per Unit | $225,000 | Building Size | 7,120 SF |
Sale Type | Investment | Average Occupancy | 100% |
No. Units | 16 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1957 |
Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Building Class | C |
Price | $3,600,000 |
Price Per Unit | $225,000 |
Sale Type | Investment |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.24 AC |
Building Size | 7,120 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1957 |
Parking Ratio | 1.54/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Gated
- Grill
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 12 | - | 410 - 625 |
1+1 | 4 | - | 550 |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
Parcel Number | 111-39-010 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $51,818 |
PROPERTY TAXES
Parcel Number
111-39-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$51,818
zoning
Zoning Code | DTC-S-ROO (Downtown Central - Roosevelt South) |
DTC-S-ROO (Downtown Central - Roosevelt South) |
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The Hepburn | 631 N 4th Ave
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