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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.

Data Room Click Here to Access

Property Facts

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
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 33791831

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 631 N 4th Ave, Phoenix, AZ 85003

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