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  • For sale
Boutique-Style Loft Community for Sale in Tempe - #1
Boutique-Style Loft Community for Sale in Tempe - #2
Boutique-Style Loft Community for Sale in Tempe - #3
Boutique-Style Loft Community for Sale in Tempe - #4
Boutique-Style Loft Community for Sale in Tempe - #5
Boutique-Style Loft Community for Sale in Tempe - #6
Boutique-Style Loft Community for Sale in Tempe - #7
Boutique-Style Loft Community for Sale in Tempe - #8
Boutique-Style Loft Community for Sale in Tempe - #9
Boutique-Style Loft Community for Sale in Tempe - #10
Boutique-Style Loft Community for Sale in Tempe - #11

Boutique-style loft community for sale at 1617 East Apache Boulevard in Tempe, Arizona. Apache Lofts is made up of two buildings, consisting of 62 units. Property offers ±30,210 rentable square feet on ±0.91 acres.

Visit our property website to learn more and to request the offering memorandum.

Apache Lofts has been extensively renovated with both interior and exterior renovations. The property maintains near 100% occupancy and offers the most affordable rents in the submarket at more than $600 below nearby Class A apartments.

The lack of available land in the surrounding area makes it nearly impossible to add affordable housing options and the existing housing stock is being redeveloped into high rise and luxury Class A properties, creating further deficiencies for affordable housing. Apache Lofts and the nearby stretch of land along Apache Boulevard are situated in an opportunity zone, which increases the land value and has incentivized capital to pour into nearby developments.

The location is only one mile from Arizona State University, adjacent to the Valley Metro Rail and Tempe Streetcar, located in an opportunity zone, and boasting an 88 bike score, 71 walk score and surrounded by Tempe’s hot scene of local restaurants, breweries, coffee shops, live music, yoga/fitness studios and year round entertainment.