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80-Unit Garden-Style Apartment Community
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232 N Chalmers & 235 Eliza Lane, Thatcher, AZ 85552

Two neighboring LIHTC communities offer varied floor plans, resident patios and balconies, and established apartment improvements.

Property SizeContact for details
Days on Market141

Property Features for 232 N Chalmers & 235 Eliza Lane

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 80

Amenities

tile flooring
granite-inspired countertops
private balconies and patios
ceiling fans
microwaves

Building Details

Year Built 2006
Construction garden-style
Listing Agency: Berkadia
Listed By: Ryan Boyle · License #AZ SA661064000
Source: Crexi
Added: Apr 14 Changed: Aug 31 Last Checked: Aug 30 at 12:38PM

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 Berkadia

Investment Insights

Based on property information with market context.

Gila I and Gila II comprise two adjacent garden-style apartment communities totaling 80 units, with 40 units in each property. The portfolio includes one-, two-, and three-bedroom layouts averaging approximately 732 and 1,011 square feet. Constructed in 2006, the apartments include tile flooring, granite-inspired countertops, ceiling fans, microwaves, and private balconies or patios.

The properties are located at 232 N Chalmers and 235 Eliza Lane in Thatcher, Arizona. Both communities are qualified contract eligible, and the existing LURAs may be terminated to allow conversion of restricted units to market-rate housing, subject to applicable requirements.

Key Highlights

  • Two adjacent 40‑unit garden‑style apartment communities with 80 units total
  • One-, two-, and three‑bedroom floor plans averaging ±732 and ±1,011 square feet
  • Built in 2006 with tile flooring, granite‑inspired countertops, ceiling fans, and microwaves

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80
Residential units

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby

Demographics for 85552, AZ

6,887
Population
2,270
Households
3
Avg Household Size
30
Median Age
22%
College-Educated
89%
High-School Grad
29.2 sq mi
ZIP Area
236
Density / Sq Mi
$80,658
Median Household Income
$36,500
Median Earnings
$959
Median Rent
$280,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two neighboring LIHTC communities offer varied floor plans, resident patios and balconies, and established apartment improvements.
Where is this apartment building located?
The property is located at 232 N Chalmers & 235 Eliza Lane Thatcher, AZ.
What are key features of this property?
This property features: Two adjacent 40‑unit garden‑style apartment communities with 80 units total; One-, two-, and three‑bedroom floor plans averaging ±732 and ±1,011 square feet; Built in 2006 with tile flooring, granite‑inspired countertops, ceiling fans, and microwaves
More about this property
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