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8135 N 35th Ave, Phoenix, AZ 85051
- Prime opportunity to continue the proven interior value-add program: Currently 45% (251 of 561 units) of the portfolio is renovated with average rental premiums of $165/month (without a washer and dryer) and $225/month (with a washer and dryer).
- Opportunity to install washers and dryers in the remaining units and collect and additional $60/unit/month: Currently only 11% (62 of 561 units) of the portfolio have washers and dryers installed.
- Strong submarket dynamics as current asking rents are up to +$300 below submarket competitors.
- Opportunity to capitalize on ancillary income opportunities such as implementing a covered parking fee of $20/space for a potential annual revenue gain of $135,600.
- Premier opportunity to gain economies of scale in one of Phoenix's most densely populated areas.
Key Property Information
Highest & best offer
No. of Units
394,010 Sq ft
18.48 sq ft
No. of Stories
Price per unit