2040 N 49th Pl., Phoenix, AZ 85008

49th Place is a 9-unit, two-property multifamily investment opportunity located off of 52nd Street & Thomas, surrounded by a robust collection of Central Phoenix & Scottsdale's high-profile employers. Positioned less than one mile from the Gateway + Airport employment corridors, residents will have immediate access to a dense professional core comprised of industries including aviation, high-tech manufacturing, and financial services. 49th Place also offers exceptional connectivity to the bevy of hip boutique eateries permeating the affluent Arcadia neighborhood north of the properties. Completed in 1961, 49th Place is comprised of five one-bedroom, and four two-bedroom one-bath apartment homes averaging 685-square-feet. The community space and 100% of the interiors have been renovated and include in-suite laundry. Future ownership will have the opportunity to improve operations with a utility recapture and increasing market rents.