813 E Marlette Avenue, Phoenix

$3,750,000

0 Bed
0 Bath
0 Acre
0 Garage

Venture on Marlette consists of 14 units, (13) of which are two-bed/two-bath units along with (1) one-bed/one-bath unit. The propertyhas been completely remodeled from top-to-bottom with nothing leftuntouched. Full interior renovations have been done with popular,cutting-edge finishes. All units are spacious for this era of buildingand each include an in-suite washer and dryer. Several of the unitshave large outdoor backyards. The property has a new roof, windows,doors, and new paint inside and out. Full exterior upgrades includeprofessionally installed landscaping and more. The property surroundsan inviting courtyard with beautiful outdoor amenity space. Each unitis individually metered for electricity. Additionally, the property wentthrough lease-up while under cons so many rents are below
market and could be raised as leases expire. Not to mention, with
housing prices skyrocketing, rent growth should continue increasing
while those who cannot afford to purchase look to rent. There are not
a lot of properties that come available that are this attractive and well
located. This is a phenomenal bite-sized opportunity in an A location
that should continue to improve as things continue to happen in the
heart of Uptown Phoenix. Venture on Marlette is the latest offering from the amazing
Neighborhood Ventures team! The property sits directly in the middle
of Uptown Phoenix, just off of the famed 7th Street Corridor and
Restaurant Row. It is 3/4 of a mile to the original The Yard and
Culinary Dropout concept that was the impetus for the massive 7th
Street and Restaurant Row growth. The property sits on a quiet street,
minutes away from the Crown Plaza development with Wildflower and
Rito's Mexican Food. The Womack, an amazing tribute to the iconic
Phoenix bar, Chez Nous, is also a short bike ride/walk away, as well
as MORA Italian, Cold Beer & Cheeseburgers, and Bevvy, just to name
a few. This property really sits in the heart of it all. The location is as
popular as it gets, and allows residents to enjoy, with ease, so much
of what Central Phoenix has to offer. With many dining, shopping
(Uptown Plaza is just a bike ride away), and entertainment options,
as well as multiple freeway access points within minutes, Venture on
Marlette is an extremely desirable property for residents.

Essential Information
MLS® #6170432
Price$3,750,000
Year Built1962
TypeMulti-Family
Sub-Type13 - 24 Units
StatusActive
Community Information
Address813 E Marlette Avenue
CityPhoenix
CountyMaricopa
StateAZ
Zip Code85014
Subdivision

ORANGE HEIGHTS LOTS 44, 45 & TR A

Amenities
AmenitiesOther (See Remarks)
ParkingOther (See Remarks)
Interior
AppliancesOther (See Remarks)
HeatingElectric
CoolingElectric Refrigeratd
Exterior
Lot Description146x122
RoofOther (See Remarks)
ConstructionBlock, Other (See Remarks)
District

038 - Madison Elementary District

Additional Information
ZoningR4
Listing Details
OfficeABI Multifamily
LISTING MAP

Get directions to this property:

Arizona Regional Multiple Listings Service Logo Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Realty One Group. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on January 26th, 2021 at 1:48pm MST.