The Cara

Address: 4325-4329 N 23rd Ave, Phoenix, Arizona, US

Phoenix & Southwest + Apartments

Created date: September 15, 2023

Date last updated: September 15, 2023

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
No. of Units:	68
Year Built:	1974
Building Size:	54,110 Sq ft
Lot Size:	4.48 Acres
No. of Stories:	1
Opportunity Zone:	No