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2502 W Ocotillo Rd, Phoenix, AZ 85017

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Building Details:

• Year Built: 1983

The Canvas apartments are located in the I-17 corridor. Located off the I-17 to the west at Ocotillo Rd, this property is positioned perfectly for workforce residents. With easy freeway access and a central location residents will enjoy a short commute to many parts of the Valley.

Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
The Canvas Apartments provides investors with a great 24 unit workforce housing opportunity. Investors will enjoy the value-add proposition of this property as the current owner has begun partial interior renovations and there is upside in the already existing leases that are under market rate. The Canvas Apartments were constructed in 1983 and are individually metered for electricity. Investors will appreciate a fantastic unit mix as these apartments consist of 18 - 2/1's and 6 - 1/1's. Our proforma cap rate is based on moving all rents up to the highest achieved rental rate to date upon all lease expirations. « show less The Canvas Apartments provides investors with a great 24 unit workforce housing opportunity. Investors will enjoy the value-add proposition of... show more » View Details The Canvas Apartments provides investors with a great 24 unit workforce housing opportunity. Investors will enjoy the value-add proposition of this property as the current owner has begun partial interior renovations and there is upside in the already existing leases that are under market rate. The Canvas Apartments were constructed in 1983 and are individually metered for electricity. Investors will appreciate a fantastic unit mix as these apartments consist of 18 - 2/1's and 6 - 1/1's. Our proforma cap rate is based on moving all rents up to the highest achieved rental rate to date upon all lease expirations. Pricing: Negotiable Availability: Now Listing ID: 3235653 Save to list

Multi-Family Space

For lease: Negotiable

The Canvas Apartments provides investors with a great 24 unit workforce housing opportunity. Investors will enjoy the value-add proposition of... show more »

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2502 W Ocotillo Rd, Phoenix, AZ 85017

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