The Gem on Missouri

1623-1625 West Missouri Avenue, Phoenix, Arizona 85015

Property Type: Multifamily
Year Built: 1963
Lot Size: 1.13 Acres (49,555 SF)
Unit Count: 29
Property Highlights:
  • 34% of Units are Below Market Rent
  • Block Construction
  • Great Amenities (Pool, Gym, Picnic and BBQ area)
  • Covered Parking
  • Entirely Gated Community
  • Great Frontage on Missouri Road
  • Renovated Units with Stainless Steel Appliances and Ensuite Washer/Dryer
  • Asset Scarcity – 1 of only 4 Available 25+ Unit Investment Opportunities within a Three Mile Radius per CoStar
  • Security Cameras
Property Description:

ORION Investment Real Estate, as the exclusive listing agent, is pleased to present the opportunity to acquire The Gem on Missouri, a 29-unit multifamily community located in Phoenix, Arizona.

The Gem on Missouri offers a combined total of 22,700 rentable square feet. The property features eight buildings and offers one-bedroom, two-bedroom/one and a half bathroom, two-bedroom/two-bathroom and three-bedroom/two-bathroom floor plans. Built in 1963, the property offers amenities including gated access, in unit washer and dryers, security doors, a pool, fitness center, attractive common areas and covered parking. This property represents a unique opportunity to acquire a sizable footprint in the Midtown Phoenix Submarket with significant rental upside.

The Gem on Missouri benefits from its optimal Midtown Phoenix location. Its strategic proximity to a YMCA facility and Solano Elementary School adds further value, making it an exceptional choice for families seeking an active and convenient lifestyle. This property is positioned for success in the competitive rental market, providing an appealing investment opportunity.

Location Map:
Listing Agent(s):

Learn more about this property listing by contacting one of our experts.

Will Xander
Senior Associate
AZ #SA695728000
C: (602) 327-0904
will.xander@orionprop.com
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