Sold
550 W MARYLAND Avenue
Phoenix AZ, 85013
$6,590,000
Sold
Other
Built in 2009
Valencia Townhomes is a Class-'A', luxury 36-unit garden-style townhome community located in an irreplaceable north/central Phoenix location. The property is situated in a quiet, mature neighborhood on Maryland Avenue, just west of Central Avenue. The community consists of two two-story frame and stucco buildings constructed in 2009. The property has built-up roofs with individual air conditioning units and individual hot water heaters. The community consists of 36 units with two oversized floor plans that feature two bedroom, two and one half bathroom units at 1,356 SF and two-bedroom, two bathroom loft units at 1,445 SF. All units at Valencia Townhomes include a detached garage, 18" porcelain tile flooring, new contemporary cabinetry with premium hardware, Gourmet kitchens with granite Countertops and backsplashes, full-size stainless steel appliances including built-in microwaves, porcelain tile shower surrounds, premium ceiling fans, low-flow toilets, full-sized washers and dryers, walk-in closets, private balconies, custom-made iron and glass front doors and wrought iron fenced front patios.
The property is situated on just under two and a half acres and has attractive, professionally designed landscaping with mature shade trees and lush turf. This low density townhome community features a resort-style pool with outdoor kitchen and lounge area, a fitness center, guest parking, and lighted walkways and common areas.
Valencia Townhomes offers an investor the rare opportunity to acquire a pride of ownership townhome community located in a dynamic north/central Phoenix location with individual resale potential. Over the last quarter, the north/central Phoenix submarket average occupancy increased by 76 basis points, more than two times that of the metropolitan Phoenix average. Furthermore, the submarket average rents increased by more than 5% in 2014. With the strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Valencia Townhomes is well positioned to achieve continual revenue increase.
5252700
MLSⓇ ID
March 19, 2015
Listed
March 20, 2024
Updated
Map
550 W MARYLAND Avenue
Phoenix AZ, 85013
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Individual
Heating
Yes
Heating Description
Individual
Exterior/Building Features
Roof
Tile, Built-Up
Sewer
Public Sewer
School Information
School District
Madison Elementary District
Other Property Details
Taxes
$55,736
Tax Frequency
Annually
Days on Market
96
Garage
No
Parking
Street Parking
Parking Total
72
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R-3
Buyer Agency Compensation
1%
Courtesy of CBRE, Inc, Jeffrey Seaman
Listing Contact: 602-735-5634
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Karas Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 11:05 PM UTC, 3/20/2024.