1625 W Missouri Ave, Phoenix, AZ 85015

Gem on Missouri presents a compelling investment opportunity to acquire a 29-unit multifamily community in the highly desirable Midtown Phoenix submarket. Located at 1623–1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base.

The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as a primarily operational value-add opportunity. With projected stabilized rents of approximately $1,193, an investor can drive revenue growth through continued lease trade-outs and improved management, rather than significant capital improvements.

The offering is supported by strong submarket fundamentals, including continued population growth, proximity to major employment hubs, and access to key lifestyle amenities throughout Midtown and Central Phoenix.

Offered at $4.45M ($153K/unit), Gem on Missouri provides investors the ability to acquire scale in a core Phoenix location with in-place renovations, operational upside, and long-term appreciation potential.