Workforce Apartment
40 E Sunland Ave Phoenix, AZ 85040
40 E Sunland Ave, Phoenix, AZ, 85040
Contact for pricing
For Sale
Contact for pricing
Pending
117-unit workforce apartment community built in 1988 with individual metering and a dominant two-bedroom mix.
Days on Market103
Property Features for 40 E Sunland Ave
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Lee & Associates - Arizona
Listed by
Todd Braun · License #AZ SA029726000
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 11:56AM Checked: Jul 23 at 6:40AM
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 Lee & Associates - Arizona
Investment Insights
Based on property information with market context.
The Apex on Central Apartments is a 117-unit workforce housing apartment community built in 1988. The property is individually metered and features a dominant mix of two-bedroom units, with approximately 72% of units in that configuration. Current operations are described as stabilized, and the existing interior upgrade program includes new black/stainless appliances, faux wood vinyl plank flooring, updated kitchen cabinets, stainless vent hood, quartz countertops, designer faucets, contemporary lighting, stainless dual tub sink, bathroom vanity, and in-unit washer/dryers.
Located in South Phoenix near Downtown Phoenix and the Baseline Corridor, the property is positioned in a submarket described as having limited apartment competition. The remarks also note that tenants will have convenient access in the near future to the Valley Metro Light Rail System, with the South Central Extension/Downtown Hub described as a five-mile extension under construction and planned for completion in 2024.
The community’s unit mix and in-progress interior upgrades are intended to support continued operational performance, alongside the ongoing completion of nearby regional light rail improvements.
Located in South Phoenix near Downtown Phoenix and the Baseline Corridor, the property is positioned in a submarket described as having limited apartment competition. The remarks also note that tenants will have convenient access in the near future to the Valley Metro Light Rail System, with the South Central Extension/Downtown Hub described as a five-mile extension under construction and planned for completion in 2024.
The community’s unit mix and in-progress interior upgrades are intended to support continued operational performance, alongside the ongoing completion of nearby regional light rail improvements.
Key Highlights
- 117‑unit workforce apartment community built in 1988
- Dominant unit mix: 72% two‑bedroom apartments
- Individually metered for tenant utility billing
Property Analytics
Location Intelligence
Current Use by Public Records
Apex On Central
Apartment Complex
12345
Department Store
Bout Ah Bag ...
Clothing Store
YNOT PARTY
Party Supply Store
West View Apartments
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 117-unit workforce apartment community built in 1988 with individual metering and a dominant two-bedroom mix.
Where is this apartment building located?
The property is located at 40 E Sunland Ave Phoenix, AZ.
What are key features of this property?
This property features: 117‑unit workforce apartment community built in 1988; Dominant unit mix: 72% two‑bedroom apartments; Individually metered for tenant utility billing
