Maya Linda Apartments - Phoenix, AZ

DESCRIPTION & STRATEGY:

Maya Linda Apartments is a 360 unit apartment complex located on a new light rail station in the emerging “19 North” submarket of Phoenix. Built in 1981, the property is 94% occupied and well maintained for the vintage. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy including, increased curb appeal, re-branding, common area renovations and unit interior upgrades.

The property was not actively marketed for sale and owned and managed under the same ownership for the last 11 years. This undermanaged asset was acquired all cash with a private equity partner. Agency financing will be arranged post-closing from Walker & Dunlap.

ADDRESS:

8222 North 19th Avenue,
Phoenix, AZ

PROPERTY TYPE:

Multifamily

SIZE:

360 Units