Project Type: 25 - 50 Units

Construction: Block

Const - Finish: Painted

Roofing: Other

Floors: Vinyl

Sale Includes: Land & Building

Community Features: No Pool

Appliances Included: None

Cooling: Chiller System

Water Source: City Franchise

Sewer: Sewer - Public

Electric: Individual Meter

Gas: None

Parking Features: Other

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection; Landscaping; Other

Tenant Pays: Electricity; Other (See Remarks)

Source of Fincl Data: Owner

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: None

New Financing: Other (See Remarks)

Environmental: Other (See Remarks)

Significant employers in proximity to the property include Arizona State University, State Farm, Salt River Project, Honeywell, Express Scripts, and First Solar. All of these aspects make Park Terrace a highly desirable community for all of its residents. Park Terrace has an attractive mix of one and two-bedroom unit types. All units are individually metered for electricity. Park Terrace is an irreplaceable asset in an iconic multifamily neighborhood offering tenants the convenience of an on-site laundry facility and covered parking while being located within walking distance of Arizona State University. The property offers the investor a unique value-add opportunity through additional interior and exterior renovations located on a parcel zoned R-4 with seven-story student housing properties on two sides.