THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO AND MUST BE SOLD WITH 2 OTHER 4-PLEXES ON THE SAME STREET: 2302 N 46TH ST AND 2328 N 46TH STREET. TOTAL LIST PRICE FOR ALL 12 UNITS IS $4,200,000. The One Apartments on North 46th Street are three separatefourplexes located along a quiet street (they are not contiguous) inan extremely popular south Arcadia submarket. The properties arelocated in a beautiful residential neighborhood at the nucleus of thecity, less than 5 miles to the Biltmore, Phoenix Sky Harbor Airport,Downtown Scottsdale, and Tempe. This little strip of mid-centuryapartments has consistently maintained high occupancy levels dueto the increasingly popular architecture and central location. Unitsin this area rarely are available. The location is as central as it gets and allows residents to enjoy, with ease, so much of what Phoenix, Scottsdale, and Tempe has to offer. The nearest light rail stop is approximately 2 miles away, and there are many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes. The One Apartments sit in an extremely popular part of Phoenix. The fourplexes were built in the middle of the century with block construction and architecture that is extremely popular. All of the fourplexes on this street have a very unique, Ralph Haver-looking style that is incredibly desirable as far as mid-century architecture goes. Each property offers a beautiful common area and the units are all extremely spacious with tons of storage, large bedrooms, and plenty of living space. Each fourplex consists of three 2-bedroom / 2-bath units (very rare for this vintage) and one 1-bedroom / 1-bath unit. 6 of the 12 units have been updated (5 have interior washer / dryers) with the remaining units needing to be remodeled. The units on this street lease-up incredibly fast given the combination of spaciousness of the units, mid-century architecture, quaint nature of the area, and prime location with proximity to Central Phoenix, Scottsdale, as well as Tempe and the Arizona State University Campus.
Listing courtesy of ABI Multifamily.
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