1725 E Cambridge Avenue

Phoenix, AZ, 85006

$5,000,000

$5,000,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1987
Prodigy is a 16-unit apartment community located at Thomas Road and 16th street, less than half a mile from State Route 51 (SR 51). Beyond its envious positioning quarter of a mile from Phoenix Children's Hospital and its +/-318,818 employees, this Central Phoenix location is engulfed by well-established, thriving employment corridors within a three-mile commute. Both the Biltmore | Camelback and the Innovation Employment Corridors provide effortless access to top-tier employers such as IBM, Deloitte, Cisco, and Morgan Stanley. Prodigy is entirely two-bedroom units, each 800 square feet. Future ownership will have immediate cash-flow, while having the opportunity to capitalize on current below-market rents as lease turnover leads to each unit becoming marked-to-market.
MLS® ID:
6387818
Updated:
8/11/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window/Wall Unit
Heating
Wall Furnace

Exterior/Building Features

Lot Size
15 ft² lot
Roof
Comp Shingle
Sewer
Sewer - Public

School Information

High School
210 - Phoenix Union High School District
Elementary School
014 - Creighton Elementary District

Other Property Details

Taxes
$8645
Tax Frequency
per YEAR
Garage
No
Parking
1 Space Per Unit
Parking Total
25.0
View
N
County
Maricopa
Water Source
Master Meter
Pool
No
Zoning
R-3

Property History

Date
Event
Price
Value
4/27/22
Price Change
$5,000,000
-3%

 

Courtesy of Marcus & Millichap

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kimberly Schmidt shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 1:31 PM UTC, 8/11/22.

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