1125 Grandview St., Page, AZ 86040

Westview Apartments is a 48-unit garden-style apartment community located in a supply-constrained Page, AZ, neighborhood. Built in 1981, the property is made of wood frame and stucco construction with pitched composition shingle roofs and is individually-metered for electricity. The unit mix consists of all two-bedroom floor plans that are spacious and well designed and average approximately 850 square feet. Interior unit features include fully appointed kitchens with electric appliances, garbage disposals, stainless-steel sinks, vinyl wood-plank flooring in select units, ample closet space, vertical blinds, fiberglass shower surrounds and ceiling fans. The property is situated on a large lot of approximately 3.81 acres and is attractively landscaped with lush turf and mature shade trees. Community amenities include a children's playground, leasing office and an on-site laundry facility. Westview Apartments shows great pride of ownership and has a strong occupancy history with many long-term residents benefiting from the proximity to the Salt River Project-Navajo Generating Station, the largest coal power plant in the country. Approximately 10%-15% of the units currently have faux wood plank vinyl flooring and are achieving rents of $50 higher than the standard units. This presents significant value-add potential for an investor to continue the interior unit upgrades and raise revenue. Additionally, With only 2 other multifamily properties in the city, the property stays very well occupied and is insulated from market vacancy fluctuations. Furthermore, this offering allows a seasoned investor the opportunity to convert the property into condominiums and sell the units individually, or develop the unfinished land on the east side of the lot and build additional units.