Anchor Net Lease is excited to present a premier opportunity to acquire a 6- unit multifamily community located in Alhambra Village Submarket of Phoenix, Arizona. Originally constructed in 1969, the property was recently renovated on the exterior and interior. The property is currently on a two year Master Lease with West Valley Health Equity; a non-profit organization allowing for consistent cashflow. The offering provides the rare opportunity to acquire a recently renovated 6-unit, 2 building asset located directly across from Washington High School and Washington Park. The property consists of five units with 2 Bed and 1 bath configuration and an additional unit with 1 bed/1 bath + Den. The interior and exterior of the units have gone through a complete renovation in 2024 with full interior remodels, new washer/dryers with new exterior landscaping and exterior paint Located in the desirable Alhambra neighborhood, this centrally positioned and well established area of Phoenix blends postwar charm with ongoing revitalization and strong appeal for multifamily investment. Originally developed in the late 1940s and 1950s to accommodate a growing population, Alhambra is now characterized by compact ranch-style homes, vintage multifamily buildings, and pockets of upscale housing. The area benefits from excellent access to major arterials, public transit, and is just minutes from downtown Phoenix. Grand Canyon University, located in the heart of Alhambra, draws consistent rental demand from students and staff, further strengthening the area’s tenant base. Anchored by key corridors like Camelback Road and 19th Avenue, Alhambra has seen a rise in redevelopment and commercial investment in recent years. The eastern portion is marked by tree-lined streets and historic estates along the Murphy Bridle Path, while the central village area includes the landmark Christown Spectrum Mall—one of the city's first shopping centers. Residents enjoy access to numerous parks, shopping, and dining, creating a well-rounded lifestyle environment. With a diverse demographic profile, consistent rental demand, and continued appreciation, Alhambra offers a compelling opportunity for value-add multifamily strategies and long-term growth in one of Phoenix’s most resilient submarkets.
