The Apex on Central
About This Property
Marketing description
JLL is pleased to introduce The Apex on Central, a
117-unit apartment community located in Phoenix,
AZ. The Property has been partially renovated
to provide a contemporary, high-quality living
experience with best-in-class finishes.
Updated interior features include white flat panel
cabinetry with brushed nickel hardware, faux quartz
counter tops, black appliances, vinyl plank flooring,
subway tile backsplashes, updated lighting, and insuite
washers and dryers in 39 of the 117 units. In
addition, the Property has benefited from exterior
upgrades, including updated landscaping and
enhanced community amenities to ensure longterm
operational efficiency.
The Apex on Central offers an investor the rare
opportunity to acquire an partially renovated
community within proximity to lifestyle amenities
and employment corridors such as Downtown
Phoenix, CityScape, and the South Mountain Park
and Preserve.
Investment highlights
• Emerging South Mountain Submarket with High Barriers to Entry
• 1988 Construction
• Partially Renovated Community with Best-in-Class Finishes
• 71% Two-Bedroom Floor Plans that Average 876 Square Feet
• Excellent Nearby Amenities Including Downtown Phoenix, CityScape, and the
South Mountain Park and Preserve, with a 80 Walkability Score per Yardi
• Prominent Rent to Own Discount Fuels Increased Demand in Surrounding Area
• Rental Rates are 10% Below the Competitive Set
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