5820 W Claremont St., Glendale, AZ 85301

Claremont is an attractive 36-unit apartment community located in a desirable Glendale neighborhood. Built in 1975, the property is made of block and stucco construction with pitched built-up roofs, and is individually metered for electricity. The community has a unit mix consisting of one and two-bedroom floor plans that are spacious and well designed and average approximately 785 square feet. Interior unit features include fully appointed kitchens with electric appliances and dishwashers, ceramic tile flooring, walk-in closets, vertical blinds, security doors and private front and back patios in select units. Claremont is situated on approximately 1.75 acres and features low water use desert landscaping and mature shade trees. Community amenities include exterior lighting and an on-site laundry facility. Claremont offers an investor the opportunity to acquire an attractive apartment community located in a desirable Glendale submarket with in-place cash flow and additional value-add potential. Over the last year, the Glendale submarket average occupancy increased by 252 basis points, more than two times that of the metropolitan Phoenix average. With the improving submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Claremont is well positioned to achieve continual increases in revenue.