4815 N 15TH Avenue
Property Description
Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Full stabilized. $116,625/door & less than $187/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied. $21,200 gross rents currently with a 6.35 CAP rate. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PH
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,999,000 |
| No. of Units: | 24 |
| Year Built: | 1958 |
| Opportunity Zone: | No |
| Price per unit: | $124,958 |
| Property Website | Click Here |
| Number of Bedrooms: | 32 |
| Number of Bathrooms: | 24 |
ID: 3yd-ARMLSAZ-7072051
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