Clubhouse at Arcadia: 43-Unit Stabilized Multifamily Community
2620 N 40th St, Phoenix, AZ 85008 , Lower Arcadia , Phoenix
Description
CBRE is proud to offer Clubhouse at Arcadia, a 43-unit multifamily community situated in the desirable Lower Arcadia neighborhood of central Phoenix.
Investment Highlights:
- Stabilized Income: 5.75% Cap Rate on actual financials.
- Turnkey Condition: Comprehensively renovated in 2018 with premium interiors (Quartz, Stainless Steel).
- Prime Location: Located in the heart of Phoenix, minutes from Scottsdale and Biltmore Fashion Park.
- Value-Add: Organic rent growth potential by bringing rents to market rates.
The property features a mix of spacious one and two-bedroom units, averaging 1,055 SF—significantly larger than market competitors.
Property Details
Features & Finishes
Room Dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Bedroom | Ground | 1 Bed / 1 Bath | 9 Units Total |
| Bedroom | Ground | 2 Bed / 1 Bath | Townhome Style |
| Primary Bedroom | Ground | 2 Bed / 2 Bath | Total Units TBD |
Investment Intelligence
Investment Thesis
Acquire a stabilized, high-yield asset in a high-growth sunbelt market with zero deferred maintenance.
Value Add Strategy
Corporate Housing Implementation: Furnish and market to LA entertainment executives.
Tax History
| Year | Property Taxes | Tax Assessment |
|---|---|---|
| 2024 | $54,320.00 | $4,200,000.00 |
Location & Proximity
Nearby Schools
Amenities & Features
Location on Map
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