10035 N 11th Ave, Phoenix, AZ 85021

Located in a gentrifying Central Phoenix neighborhood, the single-story, 8-unit property was built in 1964 of solid block construction. The unit mix consists of 88% two-bedroom units and 12% three-bedroom units averaging 834 square feet. The 8 units are all individually metered for electricity and the property has pitched composition shingle roofs. Situated on approximately 0.525 acres, 11th Aveneue Apartments is landscaped with a low-water desert landscaping. This low maintenance asset provides a terrific ease of management opportunity for an out-of-state investor. Click for more information. 11th Aveneue Apartments has great views of North Mountain and is just minutes from the preserve which offers 20 miles of hiking. The nearby Metrocenter Mall (Dillard's and Macy's anchored) offers tenants a variety of shopping and employment options. Just to the north of the property is Moon Mountain Elementary School and Thunderbird High School. Approximately two miles southwest of the property is a Phoenix Metro Light Rail station. The North Phoenix submarket has had rental increases of more than 6.67% over the last year and we see room for continued growth as the average occupancy currently sits over 96%. Phoenix is projected to lead the west in employment and population growth for 2017. The property has convenient access to the Interstate-17, the Arizona State Route 101, and the State Route 51.