Monarch 2335 E Utopia Rd

18 Unit Block of Flats £5,206,342 (£289,241/Unit) Phoenix, AZ 85024

EXECUTIVE SUMMARY

Situated in the heart of North Phoenix’s historic economic resurgence, Monarch (the “Property”) capitalizes on its prime location, less than a mile from the Loop 101 Freeway, to attract the growing influx of white-collar professionals drawn by Taiwan Semiconductor Manufacturing Company’s (TSMC) highly anticipated ±$65 billion campus. North Phoenix offers immense potential, combining exceptional demographics, recent lifestyle enhancements, and infrastructure upgrades with the transformative high-tech vision of the north I-17 corridor.
The Deer Valley and north I-17 Employment Corridors have long been among the densest hubs for finance and business services jobs in Greater Phoenix, hosting globally recognized companies such as USAA, Honeywell, Wells Fargo, Farmers Insurance, and Cigna. These corridors are now experiencing significant growth fueled by TSMC’s presence and the arrival of its affiliates and suppliers, including ASML, LAM Research, Applied Materials, and Sunlit Chemical. Over the next five years, the area is projected to gain more than ±80,000 new jobs, reinforcing its status as a thriving center for innovation and opportunity.
Monarch (“the Property”), completed in 2020, features 18 two-story townhomes with spacious 2 Bdr 2.5 Bath and 3 Bdr 2.5 Bath floorplans, averaging 1,410 square feet per unit. Each residence boasts state-of-the-art modern kitchens equipped with full-size stainless-steel refrigerators, granite countertops, subway tile backsplashes, and custom cabinetry with soft-close doors. Enhancing the boutique community experience, Monarch offers private, direct-access two-car garages, 10-foot ceilings, walk-in master closets, and a resort-style pool, delivering a perfect blend of luxury and functionality.

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PROPERTY FACTS

Price £5,206,342
Price Per Unit £289,241
Sale Type Investment
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Town house
Building Class B
Lot Size 1.26 AC
Building Size 25,384 SF
Number of Floors 2
Year Built 2020
Parking Ratio 2.13/1,000 SF

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Views
  • Carpet
  • Pantry
  • Vinyl Flooring
  • Large Bedrooms

SITE AMENITIES

  • Pool

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
2+2.5 4 - 1,355
3+2.5 14 - 1,426

PROPERTY TAXES

ZONING

Zoning Code R-5
  • Listing ID: 34701132

  • Date on Market: 03/02/2025

  • Last Updated:

  • Address: 2335 E Utopia Rd, Phoenix, AZ 85024