550 W MARYLAND Avenue, Phoenix, AZ 85013 (MLS# 5252700)

Supplements: The community consists of 36 units with two oversized floor plans that feature two bedroom, two and one half bathroom units at 1,356 SF and two-bedroom, two bathroom loft units at 1,445 SF. All units at Valencia Townhomes include a detached garage, 18" porcelain tile flooring, new contemporary cabinetry with premium hardware, Gourmet kitchens with granite Countertops and backsplashes, full-size stainless steel appliances including built-in microwaves, porcelain tile shower surrounds, premium ceiling fans, low-flow toilets, full-sized washers and dryers, walk-in closets, private balconies, custom-made iron and glass front doors and wrought iron fenced front patios. The property is situated on just under two and a half acres and has attractive, professionally designed landscaping with mature shade trees and lush turf. This low density townhome community features a resort-style pool with outdoor kitchen and lounge area, a fitness center, guest parking, and lighted walkways and common areas. Valencia Townhomes offers an investor the rare opportunity to acquire a pride of ownership townhome community located in a dynamic north/central Phoenix location with individual resale potential. Over the last quarter, the north/central Phoenix submarket average occupancy increased by 76 basis points, more than two times that of the metropolitan Phoenix average. Furthermore, the submarket average rents increased by more than 5% in 2014. With the strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Valencia Townhomes is well positioned to achieve continual revenue increase.