Multi-Family Space For Lease @ 2502 W Ocotillo Rd

The Canvas Apartments provides investors with a great 24 unit workforce housing opportunity. Investors will enjoy the value-add proposition of this property as the current owner has begun partial interior renovations and there is upside in the already existing leases that are under market rate. The Canvas Apartments were constructed in 1983 and are individually metered for electricity. Investors will appreciate a fantastic unit mix as these apartments consist of 18 - 2/1's and 6 - 1/1's. Our proforma cap rate is based on moving all rents up to the highest achieved rental rate to date upon all lease expirations. This space offers accomodations for: lowrisegarden.