Phoenix, Arizona Cushman & Wakefield Apartment Brokerage Services is pleased to present the opportunity to purchase Desert Sun. The property is a recent...
Apartment Building - Desert Sun
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $1,560,000 17,688 SF 24 5.70% Multifamily Garden/Low-Rise
Highlights
This property is a recent foreclosure following its previous sale in 2008 for $3,875,000
Garden style property completed in 1972
Well maintained with a vast majority of two bedroom/two bath units
Located near the proposed future METRO Light Rail extension
Excellent location in close proximity to central and downtown Phoenix, Interstate 17, major employers, retail, and schools
Individually metered
Description
Cushman & Wakefield Apartment Brokerage Services is pleased to present the opportunity to purchase Desert Sun. The property is a recent foreclosure and is offered at $1,795,000. Desert Sun Apartments consists of 75 apartment homes, located on Butler Drive, just east of 27th Avenue in Phoenix, Arizona. This location offers close proximity to shopping, entertainment, and employment opportunities, as well as transportation linkages. Residents at Desert Sun enjoy numerous amenities including a swimming pool, laundry facility, spacious floor plans, and walk-in closets.
The Desert Sun Apartments are located on Butler Drive just east of 27th Avenue in Phoenix. The property is sited on approximately 2.62 acres with mature landscape and is located in a well developed area that offers residents various shopping, parks, recreation, and entertainment. Desert Sun is located within the Black Canyon/I-17 employment corridor, a solid employment base which boasts some of the area' s largest employers such as American Express and Cigna Healthcare. The property also benefits from its proximity to major freeways such as the Interstate 17. The proposed future METRO Light Rail extension is within a short distance of the property.
