Description
Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.
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Description
Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.
© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-05-28T21:26:00.427.