3219 E Earll Dr - Apartments FOR SALE


Phoenix, AZ 85018
$2,300,000 USD
602-687-6679
3219 E Earll Dr, Phoenix, AZ for Sale
$2,300,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3219 E Earll Dr
Phoenix, AZ 85018


OVERVIEW

Advantageously positioned in an ideal centralized location, Earll at Arcadia (“the property”) is a 10-unit apartment community primely located to the North of the 32nd Street and Thomas Road intersection, in the heart of the Arcadia Lite Submarket. Its proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers. Completed in 1968, Earll at Arcadia is dominated by two-bedroom floorplans covering an average of 772 square feet - each equipped with an Individual washer and dryer. The entire community's exterior has been updated with new paint and landscaping, along with privatized patios added to each 1st floor unit. In addition, each unit's interior has been completely renovated with new stainless steel appliances, granite countertops, cabinets, flooring, fixtures and hardware.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Earll at Arcadia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R1-4, Phoenix

APN/PARCEL ID

127-31-010

ASK ABOUT THIS PROPERTY

Paul BayMarcus & MillichapMore Info
602-687-6679

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Paul BayMarcus & MillichapMore Info
602-687-6679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.