180 N APACHE RD
24 VALUE ADD UNITS
The Apache Road Apartments are a single level garden community comprised of six individually platted fourplexes delivering an investor 24 large two bedroom units with an equal mix of one and two bathrooms. All units have in unit laundry hook ups, large storage spaces, patios and a rare large garden area out front. Current occupants are long time month to month tenants paying well below market rents underlining immediate rental pop on “as is” with new leases. Rental demand for two bedroom units in this fast growing western submarket of Phoenix is very strong.
Value add with some upgrading to further push rental income/returns through designated use housing perfect for Veterans, seniors or adult group home. Property is ideally situated for group housing offering tenants end of a cul de sac security, large comfortable units, gardens and peaceful living . Close to major distribution centers and employment, Buckeye is listed as one of the fastest growing submarkets in the US due to affordability, job growth and easy access to freeway systems.
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