Living / Multi-housing

The Montana 2022 Sale

7611 S 36th St Phoenix, Arizona United States 85042-7278
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Attributes

Year Built 1998
Building Area Net
Land Area Net ()
Number of units 134
Occupancy 93.0 %
Call for Offers 2022-03-30

Asset Description

Jones Lang LaSalle Americas, Inc. is pleased to present the opportunity to acquire The Montana (the “Property” or “Montana”), a 134-unit garden apartment community located in Phoenix, Arizona. Constructed in 1998, The Montana is situated on Baseline Road just off the I-10 freeway in south Phoenix. The Property’s excellent location is proximate to convenient lifestyle amenities—such as the South Mountain Preserve Park—and many major employment corridors with easy access to the entire Phoenix metro via the I-10. The Montana offers residents expansive and well-appointed one, two, and three-bedroom floor plans averaging 910 square feet in size with nine foot ceilings. The Property is luxuriously amenitized, featuring a resort style swimming pool and spa, resident lounge and business center, a fully-equipped fitness center, and a private dog park. The Property offers a proven value-add opportunity, with 34% of units available to bring to a fully renovated scope. The Montana is offered free and clear, enabling investors to take advantage of the favorable current financing environment.

Investment Highlights

  • Exceptional, Proven Value-Add Opportunity
  • Strong Multifamily Dynamics With Favorable Supply/Demand Fundamentals
  • Outsized Growth Results In Consistent Returns
  • Convenient Ease Of Access To The Entire Metro
  • Central Location With Connectivity To Multiple Jobbing Corridors
  • Elevated Home Prices Generate Substantial Renter Demand
Last Updated Date: 31 Mar 2022

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Last Updated Date: 31 Mar 2022

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