INVESTMENT OVERVIEW

Paseo Del Sol is a 215-unit apartment community located on 51st Avenue; just south of Thomas Road. Situated on 6.19 acres, the community is master metered for electricity.
 
Constructed in 1981, Paseo Del Sol has two floor plans including 79 Studio units at 320 square feet and 136 one-bedroom/one bath units at 607 to 665 square feet. Residents enjoy extensive interior amenities including walk-in closets, kitchen disposals, frost-free refrigerators, mini-blinds and cable television. Exterior amenities include two heated swimming pools, barbecue areas, volleyball and tennis courts, newly renovated playground area and two laundry facilities.

Paseo del Sol is located in the western region of the “Valley of the Sun” and just minutes northwest of the Downtown Business District. With the recent development of Glendale Arena and proximity to Sky Harbor International Airport, the submarket has emerged as an increasingly more attractive area to both renters and investors. The community has an exceptional street frontage on 51st Avenue and close proximity to Interstate 10 (Papago Freeway). Paseo Del Sol connect residents to the entire Valley through quick access to US 60, Interstate 17, Loop 101, State Route 51 and Loop 202, which has allowed for the growth of a diverse employment arena. The schools in the area including Phoenix College boasting 25,000 students and Grand Canyon University boasting 11,000 students. Other community amenities include four shopping centers (Maryvale Mall, Desert Sky Mall, Park Central Mall and the Phoenix Spectrum Mall), Maryvale Baseball Park (Spring Training Center for the Milwaukee Brewers), various restaurants, movie theaters and a variety of specialty shops.