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- LoopNet Team
1846 E Washington
Phoenix, AZ 85034
Build-to-Rent Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Easy unit access: Front door surface parking - walk up access to units.
- On-Site Laundry Room
- Renovated and Updated Units
PROPERTY FACTS
| No. Units | 12 | Property Size | 4,050 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1940/2019 |
| Costar Property Class | C | Parking Allocation | 2.96/1,000 sq ft |
| Total Plot Size | 0.18 ac | ||
| Use Class | C-3 - General Commercial | ||
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.18 ac |
| Property Size | 4,050 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built/Renovated | 1940/2019 |
| Parking Allocation | 2.96/1,000 sq ft |
| Use Class | C-3 - General Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Ceiling Fans
- Wi-Fi
- Window Coverings
SITE AMENITIES
- Community-Wide Wi-Fi
ABOUT 1846 E WASHINGTON , PHOENIX, AZ 85034
1846 is a medium-density, garden-style apartment community originally built in 1940 and extensively renovated in 2019. The community offers a good mix of studio, one and two bedroom rental units, which offer individual AC units to the residents in a clean, well maintained community. The renovation included new water heaters, new roofs, stucco siding, electrical panels with three completely rewired units, 6 new AC units, new awnings, sewer main, walk ways and 3 fully rebuilt units. The property's location offers many benefits to its residents with its close proximity to employment, health care, schools, transportation and shopping. Major employers are primarily located along the nearby 24th Street to the east, downtown Phoenix to the west, Sky Harbor International Airport to the east and the Washington Street corridor. Washington and Van Buren are direct thoroughfares into Downtown Phoenix connecting residents to the state’s major university satellite campuses(Arizona State University, NAU and the University of Arizona). The subject property is strategically located on the Valley's light rail transportation system as well as having direct access to the freeway system, Interstate 10, State Highway 51 and the Red Mountain Freeway (202) connecting residents to all parts of metro Phoenix.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 8 | £809.00 | 275 |
| 1+1 | 3 | £875.00 | 400 |
| 2+1 | 1 | £1,069 | 550 |
PROPERTY TAXES
| Parcel Number | 115-03-074 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £6,295 |
PROPERTY TAXES
