Phoenix, Arizona Sienna Point is a 36-unit apartment community located in Phoenix, Arizona. The property has excellent street visibility and frontage on Roosevelt...
Apartment Building - Sienna Point
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $3,200,000 57,050 SF 98 N/A Multifamily Garden/Low-Rise
Highlights
1984 Construction
Individually-Metered
Desert Landscape
Low Price Per Unit - $16,528
Value Added Opportunity
Close Proximity to Downtown Phoenix
Description
Sienna Point is a 36-unit apartment community located in Phoenix, Arizona. The property has excellent street visibility and frontage on Roosevelt Street an east-west thoroughfare in Central Phoenix. The property is located just south of the Loop 202 Freeway, providing easy access to essentially all regions of the Valley. The property is located directly four miles east of Downtown Phoenix and two miles north of Sky Harbor International Airport, providing tenants with two major employment hubs. Sienna Point was built in 1984 of frame and stucco on a concrete slab and is individually-metered for electricity.
The 36-unit community consists of two buildings situated on approximately 1.03 acres of land. The Residents enjoy interior amenities such as frost-free refrigerators, disposals, and well laid out floor plans. In addition there is a Rental Office on-site for leasing. The pool was filled in and the property landscaping consist of low maintenance desert landscaping resulting in minimal expenses for the owner.
This is a value added for an investor to acquire a separately-metered property in central Phoenix for $16,528/unit. This offering is a Short Sale and is subject to the Lenders approval.
PLEASE CONTACT THE LISTING AGENT FOR INFORMATION AND TO SET UP A PROPERTY TOUR