Residential Financing Available Maple Leaf is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. They are all individually metered for
electricity and feel very secure with the buildings on the property surrounding
a quaint, quiet central courtyard. The units have been very well-maintained
over the years and many of the units have received many recent upgrades
including new carpet, appliances, fixtures, etc. Most of the units have seen
some level of updating over the past year with a few original units with
long-term tenants. Value-add opportunities exist through additional updating
and increased rents. This property sits on four separate parcels allowing for
an investor to get four separate residential loans if they
want. This is a great, centrally located, bite-sized deal that has historically
maintained very low vacancy and should continue to perform well into the future. Maple Leaf Apartments is a 14-unit apartment property located in the heart of
Phoenix. The property is comprised of 2 different fourplexes and 2 different
triplexes with each building being on a separate parcel allowing for individual
residential loans if someone desired. The units are all good size, with a great
unit mix of (4) 1-bed / 1-bath (Approx. 692 SF each), (8) 2-bed / 1-bath
(Approx. 910 SF each), and (2) 3-bed / 2-bath (Approx. 1,270 SF each). The
property is also in the opportunity zone, so there should be more positive
activity happening in the area over the next few years. The property is about
1/3 of a mile to the Abrazo Central Campus hospital and a little over a half
mile to the light rail and the Christown Spectrum Mall (Target, Costco,
Walmart, Harkins Theatres, etc.). It is also about 1.5 miles to Grand Canyon
University. The location is extremely central and allows residents to enjoy, with
ease, so much of what Central Phoenix has to offer. With many dining,
shopping, and entertainment options, as well as the I-17 Freeway within
minutes (1/4 of a mile away), Maple Leaf Apartments is an attractive
investment opportunity and an extremely desirable property for residents to
live.