Value add opportunities
Seller Financing
Great amenities
Most of the main sewer line in the courtyard was replaced in 2023
Entirely gated community
Walking distance to multiple schools
Asset Scarcity – 1 of only 5 multifamily assets on the market within a three mile radius per CoStar (1 of 2 listings that offers seller financing)
ORION Investment Real Estate, as the exclusive listing agent, is pleased to present the opportunity to acquire The Melvin Street Apartments, an 11-unit multifamily community located in Phoenix, Arizona. The Melvin Street Apartments is a gated community sitting on 0.29 Acres of land. The property features two buildings and offers one-bedroom and two-bedroom/one-bathroom floor plans. Built in 1946, the prOperty offers amenities including gated access, private patios, and lots of parking. This property offers a distinctive chance to purchase a value-added property in a growing area of Phoenix. Value-add opportunities entail renovating the property, adding washer and dryers, converting the property into Section 8 tenants, veteran programs, etc.
The Melvin Street Apartments benefits from its optimal West Phoenix location. The subject property is situated in the burgeoning South-West Valley of Phoenix, just under a mile west of the I-17 (Black Canyon Freeway). These apartments are conveniently positioned amidst athriving hub of employment opportunities and ongoing revitalization efforts. Residents enjoy easy accessibility to various parts of the Valley, including downtown Phoenix, Phoenix Sky Harbor International Airport, Papago Industrial District and the vibrant Black Canyon Corridor.
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