600 N 53rd St - Apartments FOR SALE


Phoenix, AZ 85008
$19,575,000 USD
602-714-1283
600 N 53rd St, Phoenix, AZ for Sale
$19,575,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

600 N 53rd St
Phoenix, AZ 85008


HIGHLIGHTS

  • 49 Two-Story Townhomes & Common Area, Completed in 2023
  • Attractive Mix of 3-Bed / 2.5-Bath & 4-Bed / 3.5-Bath Unit Types (Majority 1,776 SF Units)
  • Each Residence Includes a One or Two-Car Garage (200 or 400 SF Garage) & Private Enclosed Backyard
  • Located in East Phoenix in the Papago Park Area Minutes From Scottsdale, Tempe, & Phoenix Sky Harbor International Airport
  • Priced at or Below Replacement Cost ($235/SF)
  • Offered All Cash / New Loan or Possible Ownership Entity Sale

OVERVIEW

Villa Fifty2 Townhomes is a 49-unit luxury residential community in the East Phoenix submarket. Situated between 52nd Street and 53rd Street, just south of East McDowell Road and north of East Van Buren Street, the property sits less than three miles from Downtown Tempe, less than four miles from Sky Harbor International Airport, and approximately seven miles from downtown Phoenix. Residents enjoy a premium, central location with multiple access points to all areas of Phoenix by way of the Red Mountain Freeway (Loop 202), Piestewa Freeway (State Route 51), Pima Freeway (State Route 101), Hohokam Expressway (State Route 143), and the Papago Freeway (Interstate 10). Within a short drive are neighborhood conveniences and services which include Fry’s Food and Drug, Target, Costco Wholesale, CVS, Walgreens, and Walmart Supercenter. The property is nestled conveniently within a short drive from multiple dining, entertainment, and shopping hubs which include the Fashion Square Mall district at Old Town Scottsdale, the Mill Avenue entertainment district in Downtown Tempe, and the most popular event venues and dining options at Downtown Phoenix. Residents will have access to some of the Valley’s most popular local destinations within a 15-minute drive. Furthermore, Villa Fifty2 Townhomes rests at the base of Papago Peak and the Papago Park region of the Valley. A multitude of hiking and outdoor recreational activities are within walking distance, which also include the Phoenix Zoo, Desert Botanical Gardens, and numerous golf courses such as the Papago Golf Course, home of the Arizona State University Sun Devil Men’s & Women’s Golf Team. Completed in 2023, Villa Fifty2 Townhomes features a total of 49 units arranged in 26 two-story buildings with wood frame construction, stucco exterior finishes, and flat roofs situated on approximately 2.81 acres of land. The property features a premium mix of 44 three bedroom / two-and-a-half bathroom and 5 four-bedroom / three-and-a-half bathroom townhome-style units with a weight average of 1,703 square feet. Each unit is individually metered for electricity and select units will feature washer / dryer appliances. Interior amenities include air conditioning / heating, quartz countertops, shaker cabinets, tiled walk-in showers, balcony, and kitchen fully-equipped with stainless-steel appliances, oven / range, refrigerator, microwave, and dishwasher. All units are provided with a private backyard and options for one or two-car garages. Community amenities include splash pad area, picnic area and barbecue grills, as well as secure gated entry. Significant employers in close proximity to the property include the numerous companies located in Midtown and Downtown Phoenix as well as Arizona State University, The Phoenician Resort, Shamrock Foods Company, and Sky Harbor International Airport.

FOR SALE DETAILS

PRICE

$19,575,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

49

PRICE/UNIT

$399,490

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Fifty2

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

124,887 SF

ZONING

R4

APN/PARCEL ID

125-03-035

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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