Element at Tempe North
Multifamily | 56 Units
Marketing description
JLL is pleased to introduce Element at Tempe North, an exceptional investment opportunity located in Tempe, Arizona. Built in 1985, the Property is composed of wood frame and stucco construction and is individually metered for electricity. The garden style community contains 56 units and consists of all two- and three-bedroom floor plans. Partially renovated by current ownership, Element at Tempe North stands out with premium interior finish levels. As such, Element at Tempe North offers investors a distinctive opportunity to invest in a highly stable and exceptionally located apartment community while still providing a significant value-add opportunity through continuing interior renovations.
Investment highlights
All Two- and Three-Bedroom Floor Plans
Nearly 60% of the Units Have Been Extensively Renovated
1987 Construction
Individually Metered for Electricity
Additional Value-Add Opportunity Through Interior Renovations & Washer/Dryer Installation
Dynamic Tempe Location Near Arizona State University and Tempe Marketplace
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