Shadow Palms Apartments | Multifamily in Glendale, AZ | Vestis Group

Glendale Apartments For Sale | Shadow Palms | Glendale Multifamily For Sale

Glendale Apartments For Sale | Shadow Palms | Glendale Multifamily For Sale

Multifamily For Sale in Glendale Arizona – 56-Units (Apartments)

 

Shadow Palms Apartments, 56-units (Multifamily)

6320 North 63rd Avenue, Glendale AZ 85301

Unpriced

39,200 SF Bldg

56 Units

Garden/Low-Rise

 

AREA DESCRIPTION

Shadow Palms Apartments is located at 6320 N. 63rd Avenue in Phoenix. 63rd Avenue is a secondary north-south street, and the property is situated approximately one-half mile north of Bethany Home Road, a primary east-west thoroughfare running through Phoenix and Glendale, Arizona. The immediate neighborhood can best be described as a lower-middle-income community with a mixture of single-family homes and apartment complexes. Many attractive neighborhood features are nearby. Challenger Middle School and Glendale High School are located within walking distance. A Fry’s Food-anchored neighborhood shopping center is located one mile south-west at the corner of Bethany Home Road and 67th Avenue. Bonsall Park is located within a half- mile at the intersection of Bethany Home Road and 59th Avenue. Downtown Glendale, with its mix of small shops and government offices, is one mile to the northeast.

A major source of nearby employment is Westgate City Center, approximately three miles west of Shadow Palms. Westgate is a new super-regional destination for shopping, entertainment, commercial office, and luxury residential in the western Phoenix metropolitan area. The project is anchored by University of Phoenix Cardinals, home of the Arizona Cardinals NFL team, and Jobing.com Arena, home of the Phoenix Coyotes NHL team. The development will eventually feature approximately eight million square feet of retail space and commercial space.

Nearby opportunities for higher education in the area include Grand Canyon University, Glendale Community College, and the West Campus of Arizona State University.

 

PROPERTY DESCRIPTION

Shadow Palms is a two-story apartment community built in 1963, comprising 56 rental units. The unit mix is 50% one-bedroom and 50% two-bedroom/one bath units. Construction is of block, with built-up roofs. Heating and cooling is provided by individual roof-mounted air conditioning units. The property is individually-metered for electricity, and the costs associated with usage inside the dwelling units is the responsibility of the residents. The cost of water, sewer charges, and trash collection is the responsibility of the property’s owner.

Shadow Palms has just undergone a major renovation, including the replacement or installation of tile floors, carpet, stucco on the entire exterior, paint, and replacement of approximately one-half of the air conditioning units. The buildings at Shadow Palms surround courtyards which contains a playground and common areas. Common amenities also include two on-site laundry facilities, barbeque areas, and covered and uncovered parking spaces along the west side of the property. Unit amenities include full-size kitchen appliances, and cable TV hook-ups. The six buildings of Shadow Palms are constructed on one rectangular site comprising approximately 1.33 acres, at a density of 42.11 units per acre.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PROPERTY TOURS WILL BE SCHEDULED UPON RECEIPT OF LETTER OF INTENT AND PROOF OF FUNDS – PLEASE ALLOW 48-HOURS NOTICE. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

 

REQUEST OFFERING MEMORANDUM

 

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