Paseo 51 is a 116-unit, value-add, multi-family community constructed in 1986. The property consists of 1-bed / 1-bath and 2-bed / 2-bath units with a combination of classic and renovated unit interiors. Rincon’s business plan includes renovating the unit interiors with new modern finishes including new cabinets, quartz countertops, faux-wood flooring, fixtures, and stainless steel appliances. The renovation plan also includes adding in-unit washer and dryer appliances, as well as select enhancements to the community amenities at the property.
The property is located in Glendale, AZ with access to the Interstate 17 and Arizona Loop 101 freeways. Major nearby employers include the Arizona State University West Campus and Banner Health, as well as the I-17 and Deer Valley employment corridors. The Property also has easy access to numerous retail amenities including the Westgate entertainment district.
- ID: 3767
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