for sale summerhill 130 units apartments phoenix, az • granite countertops • ceramic tile...
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SUMMERHILLapartments
F O R S A L E
1 3 0 U N I T S
P H O E N I X , A Z
Address 2925 N. Greenfield Road
Phoenix, AZ 85016
County Maricopa
Total Units 130
Year Built 1970
Number of Buildings 8
Number of Stories 3
Rentable SF 97,040
Average Unit Size 746 SF
Lot Size ±2.61
Units Per Acre 49.87
Parking Spaces 180
Spaces Per Unit 1.38
Cushman & Wakefield’s Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Summerhill apartment community centrally located in Phoenix, Arizona. This asset is situated in a desirable and strategically located neighborhood between Central Phoenix and Scottsdale. Built in 1970, Summerhill represents an outstanding opportunity to invest in a strong location at a price below comparable sales.
OFFERING
1GARDEN STYLE COMMUNITY Built in 1970 with contemporary, well-designed and functional floorplans. High quality upgrades and aesthetic touches.
2DESIRABLE LOCATIONNear the convergence of SR-51 (Piestewa Freeway), Loop 202 (Red Mountain Freeway) and Interstate 10.
3STRONG URBAN PLACEMENT Situated at the crossroads between the Biltmore, Arcadia, Midtown, and Downtown neighborhoods of Metro Phoenix.
4OPERATIONAL UPSIDE Property possesses a loss-to-lease with recent rent rate increases and could benefit from exterior upgrades to enhance curb appeal.
5NEAR-BY RECREATION Baseball at Chase Field (home of the Arizona Diamondbacks), outdoor activities at Encanto Park, hiking at Piestewa Peak or Camelback Mountain.
6EMPLOYMENT GENERATORS World-class employment generators in the immediate area: Bank of America, Charles Schwab, Wells Fargo, Cisco Systems, and Medtronic Microelectronics.
HIGHLIGHTS
UNIT MIX SUMMARYTYPE UNITS SF TOTAL SF RENT/UNIT RENT/SF
1BD/1BA 64 650 41,600 $650 $1.00
2BD/1BA 66 840 55,440 $770 $0.92
Total/Avg. 130 746 97,040 $711 $0.95
COMMUNITY AMENITIES• 2 Swimming pools
• 2 Laundry facilities
• Covered parking
• Sundeck
• Adjacent to Grand Canal fitness trail
• Convenient to shopping, employment, and schools
• Easy access to SR-51, Loop 202, and I-10
UNIT FEATURES• Gourmet kitchens with stainless
steel appliances including dishwashers
• Updated cabinetry
• Granite countertops
• Ceramic tile flooring
• Walk-in closets
• High-speed cable & internet
CUSHMAN & WAKEFIELD2555 E. CAMELBACK RD SUITE 300PHOENIX, AZ 85016www.cushmanwakefield.com
BRETT POLACHEKSENIOR DIRECTOR+1 602 229 [email protected]
SOUTHWEST MULTIFAMILY ADVISORY GROUP
JIM CREWSEXECUTIVE MANAGING DIRECTOR+1 602 229 [email protected]
SUMMERHILL
GRAND CANAL TRAIL
PHOENIX COUNTRY CLUB
PHOENIX CHILDREN’S HOSPITAL
ABRAZO ARIZONA HEART HOSPITAL
51
DOWNTOWNPHOENIX
NORTH HIGH
SCHOOL
MIDTOWN
RI INTERNATIONAL
PHOENIX SKY HARBOR INTERNATIONAL
AIRPORT
BANNER - UNIVERSITY MEDICAL CENTER
E THOMAS ROAD