377 North 4th Avenue, Phoenix, AZ 85003

JLL is pleased to introduce Downtown Lofts, a 13-unit garden-style multifamily community located in a desirable Downtown Phoenix location that was completely rebuilt and repositioned in 2025. The

property is made of block construction with built up foam roofs and is individually metered for electricity.

The unit mix is comprised of 100% one-bedroom/one-bath floor plans that average nearly 630

square feet. 10 out of the 13 units were extensively renovated in 2025 and feature new teal shaker

cabinetry with matte black hardware, quartz countertops, stainless steel appliances, in-suite

washers/dryers, vinyl wood plank flooring, and tile shower surrounds. Exterior renovations include new roofs, HVAC systems, plumbing, electrical, hot water heaters, windows, and fresh paint, representing a total investment of approximately $700,000. The property is situated on approximately 0.40 acres and has minimal, low maintenance landscaping.

Downtown Lofts offers an investor the rare opportunity to acquire an extensively renovated

asset located in a desirable Downtown Phoenix location priced at $192,308 per unit and $305 per

square foot. In addition, the offering represents a significant mark-to-market opportunity. In-place

rents are 40% below the submarket average rental rates totaling over $788/ unit in immediate rent

upside.