Listing Agency: Newmark - Phoenix r***@nmrk.com Show Phone

Listed By: Ryan Ash · License #AZ

Source: Crexi

Added: Mar 27 Changed: Aug 16 Last Checked: Aug 22 at 4:39AM

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Investment Insights

Based on property information with market context.

This is a 48-unit townhome community constructed in 2024. The property features Class A townhomes with large two and three-bedroom layouts. Each unit includes a two-car garage. The property is currently 100% occupied.

Key Highlights

• Class A Townhome Community
• 100% Occupied - providing immediate income.
• Large 2 & 3 Bedroom Units

Property Analytics

Property Profile

Current Use

Elevation Townhomes Townhouse Complex

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Law Firm Hair Salon Nail Salon

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

Location Intelligence

Trade Area within ½ mile

216

Businesses Nearby

Explore this area Business Placement

Demographics for 85042, AZ

45,433

Population

16,139

Households

2.8

Avg Household Size

35

Median Age

32%

College-Educated

82%

High-School Grad

19.4 sq mi

ZIP Area

2,342

Density / Sq Mi

$86,837

Median Household Income

$46,897

Median Earnings

$1,495

Median Rent

$353,400

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 - Built in 2024, Class A townhomes, fully occupied.

Where is this apartment building located?

The property is located at 7850 S Central Ave Phoenix, AZ.

What are key features of this property?

This property features: Class A Townhome Community; 100% Occupied - providing immediate income.; Large 2 & 3 Bedroom Units