45-Unit Apartment
For Sale
Contact for pricing
405 n 40th Ave, Phoenix, AZ 85009
Single-story multifamily property with all two-bedroom units, tenant-paid electric and HVAC, and on-site resident amenities.
Property SizeContact for details
Days on Market144
Property Features for 405 n 40th Ave
General Information
Standard status
Active
Total Parking Spaces
110
Property subtype
Multifamily
Units
Unit Mix
45 x 2BR
Multifamily Units
45
Additional Details
Utilities to Site
Yes
Amenities
playground
sand lot
picnic tables
gravel common areas
laundry facility
outdoor barbecues
vending machine
Building Details
Year Built
1971
Stories
1
Construction
painted masonry
Listing Agency:
Berkadia
Listed By:
Ryan Boyle · License #AZ SA661064000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 3:36PM
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.
Gran Jardin is a 45-unit, single-story apartment community constructed in 1971. The property offers an all two-bedroom unit mix in painted masonry buildings with pitched composition shingle roofs. New individual, roof-mounted air conditioning units serve the apartments, while individual water heaters provide hot water. A separate rental office supports on-site management functions.
Residents have access to a playground, sand lot, picnic tables, gravel common areas, laundry facility, outdoor barbecues, vending machine, and 110 uncovered parking spaces. Electricity is individually metered, and tenants pay for in-unit electric use as well as heating and cooling. Ownership covers water, sewer, and trash collection.
Residents have access to a playground, sand lot, picnic tables, gravel common areas, laundry facility, outdoor barbecues, vending machine, and 110 uncovered parking spaces. Electricity is individually metered, and tenants pay for in-unit electric use as well as heating and cooling. Ownership covers water, sewer, and trash collection.
Key Highlights
- 45 rental units, all configured as two‑bedroom apartments
- Single‑story apartment community built in 1971
- Painted masonry construction with pitched composition shingle roofs
Property Analytics
Property Profile
Current Use
Lease Details
45
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story multifamily property with all two-bedroom units, tenant-paid electric and HVAC, and on-site resident amenities.
Where is this apartment building located?
The property is located at 405 n 40th Ave Phoenix, AZ.
What are key features of this property?
This property features: 45 rental units, all configured as two‑bedroom apartments; Single‑story apartment community built in 1971; Painted masonry construction with pitched composition shingle roofs
