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1827 E Lemon St
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- The asset is located in the city of Tempe, Arizona.
- The multifamily property features a total of 24 units.
- This apartment building is currently listed for $3,800,000.
- The investment offers a stabilized cap rate of 5.75%.
- Pricing for the asset equates to $158,333 per individual unit.
What's Special
Tempe remains a primary economic hub within the Phoenix metropolitan area, benefiting from proximity to Arizona State University and a deep pool of skilled labor. This multifamily asset at 1827 E Lemon St positions investors within a mature residential submarket that consistently attracts a diverse tenant base ranging from students to working professionals. The property consists of 24 apartment units, providing scale for an efficient portfolio addition. Institutional and private capital continue to view this corridor as a high-demand rental market given the consistent employment growth across the region. With its current configuration, the building serves as a stable multi-family rental asset. Prospective buyers may find this site suitable for long-term hold strategies aimed at capitalizing on the sustained demand for housing near major regional transit corridors and employment centers.
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