$2,700,000
24 Beds ⋅
24 Baths ⋅
7083167 MLS
Waterside ("the property") is a fully renovated 12-unit multifamily community in Central Phoenix, offering investors a rare opportunity to acquire a well-positioned 1987-vintage asset comprised entirely of large two-bedroom, two-bathroom floorplans. The property's late-1980s construction profile provides a distinct advantage within the surrounding submarket, combining more modern building characteristics with a comprehensive renovation program completed across both unit interiors and major exterior components. Interior improvements include upgraded flooring, cabinetry, doors, windows, countertops, and in-unit washers and dryers, creating a modernized living environment throughout the property. Ownership has also completed substantial exterior and common-area improvements, including a new swimming pool, new roofs, refreshed landscaping, and a fully redone parking lot. Together, these upgrades materially enhance the property's competitive positioning while reducing near-term capital expenditure requirements for new ownership. Located less than one mile from the Innovation Employment Corridor and less than ±2 miles from the lifestyle amenities of the Biltmore area, headlined by Biltmore Fashion Park, Waterside offers residents immediate access to some of Central Phoenix's strongest employment, retail, dining, and entertainment destinations. The surrounding competitive environment is further supported by limited new supply, with only one multifamily development containing more than 50 units currently under construction within a three-mile radius. Combined with its fully renovated condition, desirable two-bedroom unit mix, and central location, Waterside is positioned to benefit from sustained renter demand and limited near-term competitive pressure.
4233 N Longview Avenue, Phoenix