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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

Listing Status
Unavailable
Listing Type
Highest & best offer
Multifamily type
Garden Style
No. of Units
561
Year Built
1982
Building Size
394,010 Sq ft
Lot Size
18.48 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 0