Multifamily For Sale In Phoenix Arizona – 23-Units (Bulk Condos)
2940 North 40th Street, Phoenix, AZ 85018
18,900 SF Bldg
7.02% Cap Rate
23 units available for sale as a package (bulk condos), inside Tahiti Palms, a 27 unit, garden-style condominium community located in east central Phoenix. Built in 1963, Tahiti Palms has a pitched, composition roof and concrete-block construction, single-level buildings. The unit mix is comprised of 10 one- bedroom / one-bath units of approximately 700 square feet, 16 two-bedroom / two-bath units of approximately 900 square feet, and 1 three-bedroom / two-bath unit at 1,100 square feet. All the units have spacious kitchens and large closets. Common area amenities include a swimming pool, covered parking and laundry facilities.
DRIVE BY ONLY. PLEASE DO NOT WALK OR TALK TO ANYONE ON THE PROPERTY. PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CALL LISTING AGENT FOR ADDITIONAL INFORMATION. THANK YOU.
Tahiti Palms Condominiums is situated along 40th Street, a north-south thoroughfare running through the Arcadia area of Phoenix, Arizona. Numerous re-development projects (commercial, multi-family and single- family) are situated in the immediate vicinity of the subject property. Tahiti Palms is also convenient to public transportation, with bus service provided along Indian School Road and Thomas Road.
Tahiti Palms enjoys a superior East Central Phoenix location referred to as the Arcadia area near numerous Valley hotspots, including: The Vig, La Grande Orange, Postino’ s Wine Bar, North Arcadia and Chelsea’ s Kitchen. This property has great access to the valley freeway system, the Biltmore and downtown. The property is located in a quiet residential neighborhood one half mile south of the Indian School road along 40th Street allowing easy access to the Biltmore area, the Camelback Corridor, the valley freeway system and numerous employers.