Two-Property Apartment
2501 W Ocotillo Rd Phoenix, AZ 85017
2501 W Ocotillo Rd, Phoenix, AZ, 85017
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For Sale
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Two apartment communities totaling 114 units are located just south of the Glendale Avenue and I-17 interchange.
Days on Market103
Property Features for 2501 W Ocotillo Rd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Phoenix
Listed by
Paul Bay · License #AZ SA671037000
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 8:07PM Checked: Jul 21 at 8:07PM
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
Investment Insights
Based on property information with market context.
Black Canyon 114 is a two-property apartment portfolio built in 1972 and 1983, offering a total of 114 units across two communities. The mix includes studio, one-bedroom, and two-bedroom apartments, with an overall average unit size of 677 square feet. The portfolio presents the opportunity to renovate 34 existing legacy units and benefit from operational efficiencies available by managing two sizeable properties in close proximity.
Both communities are positioned near I-17 in central Phoenix, with access to major employment corridors throughout the Valley. The Innovation Corridor along Central Avenue is described as less than five miles away, and the I-17/Deer Valley corridor is described as directly north of the portfolio and also less than five miles away. The Biltmore/Camelback area is noted as a seven-mile commute. Grand Canyon University is also listed as nearby.
Each property is part of a coordinated portfolio and together provides a balanced multifamily mix of unit types intended to support long-term value through potential interior upgrades to a portion of the units.
Both communities are positioned near I-17 in central Phoenix, with access to major employment corridors throughout the Valley. The Innovation Corridor along Central Avenue is described as less than five miles away, and the I-17/Deer Valley corridor is described as directly north of the portfolio and also less than five miles away. The Biltmore/Camelback area is noted as a seven-mile commute. Grand Canyon University is also listed as nearby.
Each property is part of a coordinated portfolio and together provides a balanced multifamily mix of unit types intended to support long-term value through potential interior upgrades to a portion of the units.
Key Highlights
- Two‑property apartment portfolio (Canyon Greens and Wilshire Place) with a total of 114 units
- Built in 1972 and 1983, featuring a unit mix of studios, 1‑bedroom, and 2‑bedroom units
- Average unit size is 677 SF across the portfolio
Property Analytics
Location Intelligence
Current Use by Public Records
The Edge On Seventeen
Apartment Complex
Schooley Mitchell
Consultant
Winding Creek Apartments
Apartment Complex
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FAQs
What type of property is this?
Multifamily property - Two apartment communities totaling 114 units are located just south of the Glendale Avenue and I-17 interchange.
Where is this multifamily property located?
The property is located at 2501 W Ocotillo Rd Phoenix, AZ.
What are key features of this property?
This property features: Two‑property apartment portfolio (Canyon Greens and Wilshire Place) with a total of 114 units; Built in 1972 and 1983, featuring a unit mix of studios, 1‑bedroom, and 2‑bedroom units; Average unit size is 677 SF across the portfolio
