Courtesy of: James C Stephens, Better Homes & Gardens Real Estate SJ Fowler, cstephens@ccim.net
Courtesy of: James C Stephens, Better Homes & Gardens Real Estate SJ Fowler, cstephens@ccim.net
$2,999,000
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32 bed
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24.00 Bath (3 Full)
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Other
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$2,999,000
4815 N 15TH Avenue 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. Under $125, 000/door & less than $200/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 with $21, 200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. 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 PHX.
Courtesy of: James C Stephens, Better Homes & Gardens Real Estate SJ Fowler, cstephens@ccim.net
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