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  • For sale
Under Contract - Boutique Multifamily Community for Sale in Tempe - #1
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For Sale

$5,900,000 USD

UNDER CONTRACT: Boutique multifamily community is offered for sale. Twenty at Huntington, at 534-540 East Huntington Drive in the booming city of Tempe, Arizona, consists of 20 units in six buildings. Sale Price is $5.9 million.


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


All investors should base their offer on the “As Is, Where Is” conditions of the property. Property tours by appointment only. Qualified prospective purchasers will be given an opportunity to tour the property.


Twenty at Huntington is a boutique multifamily community situated in the booming city of Tempe. The property sits on a quiet residential cul-de-sac, surrounded by desirable, single-family homes mere miles from the region’s most robust economic drivers.


Northern Tempe is home to Arizona State University and the region’s major corporate offices, with a dense concentration of class A office space. Twenty at Huntington is ideally located within the metro and residents are nearby US 60, Interstate-10, and Loop 101 Freeways, providing easy access to the greater Phoenix MSA.


Residents are a mere five-minute drive to downtown Tempe and the iconic Mill Avenue, 10-minute drive to Sky Harbor International Airport, and less than 20 minutes from downtown Phoenix and Old Town Scottsdale. Furthermore, within a 30-minute commute of the property are over 1 million jobs, comprised of mostly white-collar jobs in business services, health care, finance, tech and manufacturing.


This location gives the property an endless supply of quality tenants, comprising both families and young professionals, who cannot afford the surging cost of home prices in the region. To capture these quality tenants, the seller recently completed approximately $500,000 in capital improvements and further upgrades can be completed by the next owner to push rents even higher.