Paradise Palms Apartment Homes

2330 W Belmont Ave Phoenix, AZ 85021

2330 W Belmont Ave, Phoenix, AZ, 85021
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,165,000
Last Verified:
Aug 11, 2018

Highlights

  • 1990 wood frame/stucco construction
  • In-unit washers and dryers
  • Pitched composition roofs
  • Covered parking
  • Mix of large 1/1 and 2/1 units
  • Sparkling code compliant pool
  • Contemporary floor plans
  • Steel frame storm-type security doors
  • Upside in rents

Description

Paradise Palms is a well-maintained 1990 constructed apartment community located in the attractive Vista Income Estates sub-market along the 19th Avenue Corridor. With a mix of large contemporary 1/1 and 2/1 floor plans tenants enjoys spacious bedrooms and big family rooms adjoining open kitchens with full size appliances. These large units have their own washers and dryers- a highly sought after amenity in any apartment offering. The community amenities include concrete parking lot with covered tenant parking, a beautiful code compliant swimming pool with block privacy wall. Rents at the property have not kept up with the market and may be hundreds of dollars per unit too low on the monthly rates- leaving easy upside for the new owner.

Paradise Palms is located within the desirable north Phoenix neighborhood of Vista Income Estates which is between Glendale and Northern Avenues just west of 19th Avenue. The area is constantly growing and improving with new construction of apartments, condominiums, and single family homes. Tenants enjoy proximity to the valley Freeway system with SR-51 to the East and I-17 to the west. Also, the recent Metro Light Rail extension along 19th Ave is less than half a mile away with stations at both Glendale and Northern Avenues.


Year Built: 1990
Building Size: 11420.0sq ft
Lot Size: 0.8 acres

Map of 2330 W Belmont Ave, Phoenix, AZ, 85021

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