WOODFORD ADDITION BLOCK 3 LOTS 110
Property • Multiple Dwellings
Web ID # 6989878
$5,999,999.00
0 Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
The Claremont Apartments are a well-located 36-unit asset at 5820 W Claremont Street, in close proximity to historic Downtown Glendale. The property consists of 6 total buildings constructed in 1975 with a unit mix of (24) large 1bed-1bath units, (12) 2bed-2bath units and an average size of 780 SF. Over 75% of the units have private yards attached and the property has a leasing office and community laundry facility on-site as well.
With 100% of units having been renovated in the past 24 months, the asset now features a unique operational value-add through strategic rent increases to market levels, implementation of RUBS, reduction of controllable operating expenses and improving management efficiencies to drive increased occupancy and income.
Dwelling Type: Multiple Dwellings
Subdivision: WOODFORD ADDITION BLOCK 3 LOTS 110
Year Built: 1975, County: N/A
Listing is courtesy of Orion Investment Real Estate
