EXCLUSIVELY LISTED BY ORION INVESTMENT REAL ESTATE’S COLT SILER & GARRETT HEMEYER –
McKinley apartments is a 10-unit multifamily opportunity located in the East Side Submarket of Phoenix, Arizona. Originally built in 1964 and updated under current and prior ownership, this asset is strategically positioned near the Phoenix Sky Harbor International Airport. Supporting this location are several economic drivers including education, leisure and hospitality, and financial services. The roof is in like-new condition, the entire exterior has been refinished, and interiors have received updates to accommodate the current tenant base.
Additionally, the property has a strong rapport with HOM Inc, providing strong rents and hands-off marketing. Community amenities include an on-site laundry facility, on-site storage for each unit, and a large courtyard with the potential to incorporate additional tenant amenities, and large private patios for most units. Future ownership will have the opportunity to acquire a well-maintained asset through favorable seller financing that offers immediate cash flow from day one.
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