2432 W Turney Ave
- 30 Units - well maintained spacious units
- New/recent chiller, boiler and hot water system
- Secure gated campus
- $3.75 million
- $125,000/unit
- Vacant at year end
- Two laundry facilities
- 1.07 acers lot
- 28,333 SF
- Central Phoenix / I-17 access
- Two alternative investment strategies
Property Description
Skelley House is a two-story, 1974-built, block-constructed, 30-unit, well-maintained apartment community located at 2432 W Turney Avenue in Phoenix and will be 100% vacant at the end of the year. For the past 16 years, it has been a quality, sober living facility and offers a unique opportunity for a similar mission-driven use, or simply return to regular apartments. All units are spacious and there is added access security. Unit mix includes 3 studios, 19 one-bedroom/one bath units, and 8 two bedroom/two-bath units. The property is master-metered with chiller/boiler/hot water heater all new within the past 5 years. OPTION 1 - Continue as supportive/special purpose housing OPTION 2 - Reposition as conventional apartments
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,750,000 |
| No. of Units: | 30 |
| Year Built: | 1974 |
| Lot Size: | 1.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $125,000 |
| Property Website | Click Here |
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