1014 S Farmer Ave

24 on FARMER is a 24 unit community built in 1971 with interior renovations from 2017-2019. The property offers all two bedroom/one bathroom units averaging 726 square feet of living space. The community is  individually  metered for electricity. Recent capital upgrades include new flooring, all stainless steel appliances, and new cabinets in kitchens and bathrooms. 24 on FARMER presents an investor the opportunity to continue the momentum on interior and exterior improvements and leverage the strong central Tempe location targeting the ASU student body and faculty. The property delivers both on location and unit mix presenting an investor the opportunity though a strategic value add reposition to optimize the asset’s potential. Areas delivering value add upside could be improved street appeal, standardized interior upgrades, in unit laundry, improved amenities and an overall more contemporary aesthetic to better target the ASU community demographic.