The location is ideal. This is one of the better rental investment areas in Phoenix. It has a good demographic mix with plenty of transportation choices for residents to get to shopping, schools and employment. Not only is this location close to Downtown Phoenix but Downtown Scottsdale as well. Arcadia itself is a wonderful older established neighborhood with a mix o housing ranging from apartments such as these to wonderful ranch homes and new multi-million dollar estates. What makes this area popular besides being easy to get to anywhere its in the middle of it all. Downtown Scottsdale is a mecca of entertainment with clubs, restaurants, shopping and the famed Art Walk in Old Town Scottsdale. On Thomas and Camelback there are popular places to go. Take a look at the demographic mix on the attached document on the documents page. Many of the units have had major upgrades done and capital improvements. Each of the two buildings has 3 one bedroom units and 1 two bedroom unit whit two bathrooms. Buy them for an investment worth expanding. These would make great condos, especially as second homes. It would not take much to convert them and sell individual once the market improves. Take a look at the additional documents for more supporting data. Phoenix is growing. With the population growing over 100K per year with the trend expected to continue its clear that the Phoenix MSA is a great place to invest. Take a look at the additional attached documents and call us for more information about these properties or other multifamily investment properties.

More Information »