Metro 8 is an 8-unit, irreplaceable, luxury-built townhome community situated in the heart of Central Phoenix within the Melrose, Uptown, and Midtown submarkets. This lively live-work-play district is known for its proximity to high-end retail, restaurants, bars, and nightlife including The Biltmore Fashion Park, Camelback Colonnade, Melrose District, Park Central, The Colony, Uptown Plaza, and The Frederick on Missouri. Metro 8 is located within the prominent Camelback Corridor of Phoenix which is one of the region’s most active commercial zones featuring a mix of retail, office space, and medical buildings, offering a diverse range of services. It is also within a 10-minute drive of the heart of Downtown Phoenix which has the highest concentration of jobs in the entire Phoenix MSA. Metro 8 is located adjacent to the Valley Metro Light Rail, providing convenient access to the Downtown employment center and entertainment districts, Tempe, and Mesa. The asset comprises 100% three bedroom, two-and-a-half-bath townhomes with two-car garages and expansive backyard patios with pavers and astroturf. Metro 8 features top-of-market interiors with quartz countertops, quartz backsplashes, light oak cabinets with chrome hardware, wood-inspired flooring, modern farmhouse-inspired light fixtures, sliding glass doors to patio, kitchen islands, stainless steel appliances, recessed lighting, barn doors in bedrooms, double vanity master bathrooms, walk-in glass showers, large soaking tubs, and expansive walk-in closets with built-in storage. The property is positioned for organic rent growth as submarket competitors lease their three-bedroom units for over $330/month higher than Metro 8 on average. Other income opportunities include implementing a RUBS billback system to recoup an estimated 95% of utility expenses. Installing a technology package could also generate a potential ±$85/unit month. This is a premier opportunity to acquire a legacy asset in the build-to-rent space, which has outperformed traditional multifamily assets. The opportunity is offered at a discount to nearby sales comps which include The Hera which sold for $522,500/unit in May 2024 and Clarendon which sold for $550,000/unit in April 2024.