Carol Ave Apartments provides a tremendous opportunity for an investor to acquire a single story community with an ideal unit mix of all large 2 Bedroom units. These well laid out floorplans measure 880 square feet with large living rooms, separate kitchen and dining area and dual entrances with a sliding glass door opening to back patios. In addition, each unit has individual storage units and each building has on-site laundry. This low-density community is situated on nearly two-thirds of an acre and has 2 large grass courtyards outside the front doors of all the buildings providing inviting and beautiful mountain views in all directions. The 9 units consists of 3 triplexes on 3 parcels providing an investor the opportunity to acquire via residential and commercial financing as well as multiple exit strategies selling each of the triplexes separately. Carol Avenue Apartments backs to the natural desert terrain and a neighborhood park. The community is located in a quiet residential neighborhood surrounded by single-family homes and is nestled in the foothills of the majestic Phoenix Mountains Preserve. Given the infill location and surrounding Mountain Preserve, there is no ability to add new Multifamily developments which provides a competitive shelter and keeps occupancies high for ownership. The diverse desert mountain landscapes boast miles of trails within minutes of residents doorstep with several peaks and vistas for residents to enjoy incredible views of the surrounding city while in relative solitude. The Phoenix Mountain Preserve has over 20 miles of hiking, biking and horseback riding trails. Carol Ave Apartments is just a 5-minute commute to the thriving urban culture of the North Central Uptown & Business Corridor. The Uptown Corridor offers residents ample restaurant and retail options, including the vibrant entertainment district along 7th Street and Bethan Home Road as well as Uptown Plaza at Central & Camelback. The Central Business Corridor is home to over 53,000 employees boasting some of the largest health care companies in the State including Dignity Health, Banner Health, St. Joseph’s Hospital and Medical Center, Creighton University, Phoenix Children’s Hospital and the world-class Barrow Neurological Institute. Carol Ave Apartments is also just a 10-minute commute to the Camelback Corridor, considered Phoenix’s financial district. With nearly 10M SF of office and retail, the Camelback Corridor is home to more than 26,000 employees. Some of the largest employers include Charles Schwab, Humana, Fennemore Craig, and the Arizona Biltmore Resort. The Biltmore Fashion Park, located along the northeast corner of 24th Street and Camelback Road, contains 535,430 square feet of open-air shop space and many of renowned Fox Restaurants including True Food Kitchen, Zinburger, and Blanco Tacos + Tequila. Retailers within the Fashion Park include Saks Fifth Avenue, Macy’s, Ralph Lauren, Apple, J.Crew, Brooks Brothers, and Pottery Barn.