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Off Market
1/9

2323 E Van Buren St
Phoenix, AZ 85006


HIGHLIGHTS

  • Opportunity Zone Location in the Central City / Sky Harbor Submarket
  • Meticulously Maintained Community with $1.2M in Exterior Capital Improvements (Pool and Clubhouse Renovations to be Completed in 60 Days)
  • 54 Units are Updated With Premium Finish Levels (Stainless Steel Appliances, White Shaker-Style Cabinetry, Quartz Countertops)
  • Proven Value-Add Opportunity (Renovated Units are Currently Attaining a Rental Premium of ±$190/Unit)
  • High Demand Submarket with Strong Fundamentals (Rents Averaged $1,722 and Increased 10.53% Year-Over-Year)
  • Section 8 Rental Limits for Studio and One Bedroom Units are $1,613 and $1,760, Respectively (±$630 Higher Than the Current Average Asking Rents)

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Sunset Sound

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

62484

STORIES

2

YEAR BUILT

1977

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

115-01-025A