Escarlata 31 Apartment
For Sale
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16625 North 31st Street, Phoenix, AZ 85032
An 87-unit apartment community with two-bedroom-focused layouts and an established interior renovation program.
Property SizeContact for details
Days on Market62
Property Features for 16625 North 31st Street
General Information
Standard status
Active
Property subtype
Multifamily
Site & Location
Neighborhood
Paradise Valley
Additional Details
Multifamily Units
87
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Paul Bay · License #AZ SA671037000
(602) 320-8126
Source:
Crexi
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 30 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
Escarlata 31 is an 87-unit apartment community built in 1984 and 1985. Approximately 67% of the homes are two-bedroom floorplans, and 61% have completed full interior renovations that include in-unit washers and dryers. The property also has an existing assumable CMBS loan and an ongoing renovation program documented in the property information.
The community is located at 16625 North 31st Street in Phoenix, with newly developed retail at the adjacent intersection and a grocery store directly across the street. Paradise Valley Community College is less than two miles away, while Desert Ridge Marketplace is less than five miles from the property. Escarlata 31 is also located less than a 25-minute commute from TSMC’s semiconductor campus.
The community is located at 16625 North 31st Street in Phoenix, with newly developed retail at the adjacent intersection and a grocery store directly across the street. Paradise Valley Community College is less than two miles away, while Desert Ridge Marketplace is less than five miles from the property. Escarlata 31 is also located less than a 25-minute commute from TSMC’s semiconductor campus.
Key Highlights
- 87‑unit apartment community built in 1984 and 1985
- Approximately 67% two‑bedroom floorplans
- 61% of units fully renovated with in‑unit washers and dryers
Property Analytics
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Lease Details
87
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
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Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - An 87-unit apartment community with two-bedroom-focused layouts and an established interior renovation program.
Where is this apartment building located?
The property is located at 16625 North 31st Street Phoenix, AZ.
What are key features of this property?
This property features: 87‑unit apartment community built in 1984 and 1985; Approximately 67% two‑bedroom floorplans; 61% of units fully renovated with in‑unit washers and dryers
