Casa Blanca Apartments | 2520 W Mclellan Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Casa Blanca Apartments 2520 W Mclellan Blvd
81 Unit Block of Flats £7,097,055 (£87,618/Unit) Phoenix, AZ 85017
Investment Highlights
- Unit Mix: 1% Studios, 26% 1 bedroom, 67% 2-bedroom, 7% 3 bedroom
- (16) Section 8 Units Subject to HAP Until 2033
- Boiler/Chiller System
- (64) Affordable Units Subject to LIHPRHA
- (1) Conventional Unit
- Terms: Seller Financing
Executive Summary
The Casa Blanca Apartments is an 81-unit Low Income Housing Tax Credit (LIHTC) community located in Phoenix, AZ. Originally built in 1972, this asset features (21) 1-bedroomunits, (53) 2-bedroom units, (6) 3-bedroom units, and (1) studio. Of the 81-units, there are 64 affordable units (LIHPRHA), 16 Section 8 units (HAP Contract), and 1 conventional unit. The offering consists of 8 buildings, all of which are master metered for all utilities. The heating and cooling system is managed through a boiler/chiller system. Current ownership
manages the property and will consider seller-financing. The Casa Blanca Apartments presents a unique value-add opportunity to acquire a centrally located asset at an attractive cost basis.
The Casa Blanca Apartments is located along the I-17 Highway and in close proximity to the growing Grand Canyon University, which now features an enrollment of over 25,000 in-person students for the 2024-2025 school year. The strategic location of the asset provides tenants easy access to other employment hubs and entertainment options located in Midtown and Downtown Phoenix.
Broker of Record
Simon Assaf
License No. C0701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
manages the property and will consider seller-financing. The Casa Blanca Apartments presents a unique value-add opportunity to acquire a centrally located asset at an attractive cost basis.
The Casa Blanca Apartments is located along the I-17 Highway and in close proximity to the growing Grand Canyon University, which now features an enrollment of over 25,000 in-person students for the 2024-2025 school year. The strategic location of the asset provides tenants easy access to other employment hubs and entertainment options located in Midtown and Downtown Phoenix.
Broker of Record
Simon Assaf
License No. C0701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Data Room Click Here to Access
Property Facts
| Price | £7,097,055 | Building Class | C |
| Price Per Unit | £87,618 | Lot Size | 4.47 AC |
| Sale Type | Investment | Building Size | 56,400 SF |
| No. Units | 81 | Average Occupancy | 91% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Garden | Parking Ratio | 1.06/1,000 SF |
| Price | £7,097,055 |
| Price Per Unit | £87,618 |
| Sale Type | Investment |
| No. Units | 81 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.47 AC |
| Building Size | 56,400 SF |
| Average Occupancy | 91% |
| Number of Floors | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.06/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
| 2+1 | 53 | - | - |
| 3+1 | 6 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 156-02-010D | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £131,622 |
PROPERTY TAXES
Parcel Number
156-02-010D
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£131,622
zoning
| Zoning Code | R-5, Phoenix |
| R-5, Phoenix |
-
Brad Skenderian -
Matthews Real Estate Investment Services
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Casa Blanca Apartments | 2520 W Mclellan Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.