9411 N 13th Ave, Phoenix, AZ 85021

Westmere is a low density, garden style community of 25 units in North Phoenix. Constructed in 1976,the community is comprised of 24 one and two bedroom units and a converted laundry room. Average unit size is 602 SF. Roofs were recently redone and a majority of the rooftop ACs are new. Some interior units have been upgraded. The property is individually metered for electricity and water. Westmere represents a great value add opportunity for a new owner through continued unit upgrade/conversion and lease burn-off/increases. (seven of the units have been converted from 1-bed units to 2-beds.) Unit conversions bring an approximate $200 per unit increase. A new owner can further enhance the asset by converting eight more units into 2-beds, adding backyards and converting the... ...and converting the laundry room back into a rental unit. This North Phoenix neighborhood is a high demand area situated close to the Phoenix core and is fast evolving with new development andapartment upgrades. Westmere represents a great value, both on a price per unit and price per square foot basis. Buyer to verify zoning, unit counts, and all facts regarding conversion.