2414 W Devonshire Ave, Phoenix, AZ 85015

Devonshire Apartments is a low density single-level block constructed apartment property in a garden-style setting. Key componentry of single metering, block construction and pitched roofs make this nicely maintained asset an ideal income producer for the investor. Unit mix consists of eight 1-bed/1-bath units of approximately 630 SF, six 2-bed/1-bath units of approximately 720 SF and two 2-bed/1-bath units of approximately 840 SF. Residents also enjoy covered parking and an on-site laundry facility. Recent capital improvements to the property include new roofs for all 5 buildings, 12 new HVAC units, and new flooring in some of the units. The property is currently 100% occupied with below market rents. There is upside in the rents of $25-$50 through minor upgrades to the property.