- Property type: Arizona
- Strategy: Multifamily Core-plus
- Location: Phoenix AZ
- State: Arizona
- Status: Owned
Arcadia Gardens is a 76-unit, fully renovated, boutique apartment community located in the highly desirable Arcadia/Biltmore area of Phoenix, Arizona, which is home to great restaurants, shopping and entertainment. Arcadia Gardens is centrally located on 32nd Street a main arterial with over 50,000 vehicles per day and is within minutes to the Biltmore/Camelback employment corridor with over 7.4 million square feet of commercial office space, downtown Phoenix and Old-town Scottsdale.
The property was fully renovated in 2016/2017 with a new clubhouse, fitness center and completely renovated unit interiors with stainless steel appliances, faux wood flooring and modern fixtures. Rincon acquired the property at lease-up and will seek to maximize rents and operating performance.
- ID: 3658
- Views: 742