The Cara

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Address: 4325-4329 N 23rd Ave, Phoenix, Arizona, US
Created date: September 15, 2023
Date last updated: February 12, 2024

Property Description

CBRE is pleased to present The Cara, a 68-unit garden-style apartment community located in Central Phoenix . Built in 1974, the property has an attractive unit mix of studio, one-bedroom, two-bedroom and three-bedroom floor plans that range from ±460 SF to ±1,300 square feet. The Cara is built of block construction with built-up roofs and is individually metered for electricity. The property is comprised of 100% classic units providing future value-add potential. In addition, an investor can immediately install in-unit washer/dryers garnering rent premiums of nearly $100. The Cara is also being offered as part of a portfolio with Corona Del Sol Apartments. ​​​​​​​​​​​​​​​​​​​Property tours are by appointment only. Please contact Brian Smuckler, Jeff Seaman, Derek Smigiel, and Bryson Fricke to schedule tours.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments | Garden Style
No. of Units: 68
Year Built: 1964
Building Size: 54,110 Sq ft
Lot Size: 4.48 Acres
No. of Stories: 1
Opportunity Zone: No
Address: 4325-4329 N 23rd Ave, Phoenix, Arizona, US

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