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2015 N 50th Street | Phoenix, Arizona 85008 55 Units | Available for Sale
GPCI Multifamily is pleased to offer for sale ZEN on 50, a
gated 3.4 acre new construction community of 55 rental
townhomes located in a dynamic, central sub market of
Phoenix, Arizona.
CONTEMPORARY UNITS
Each contemporary, two story townhome boasts either
two or three bedrooms averaging 1,164 SF of open
concept living with ensuite bathrooms and an extra
powder room off the living area. A sense of space is
further complemented through nine foot ceilings in
bedrooms and ten foot plus in the living areas with
oversized windows and double flow through patio
doors allowing for light and views of the nearby Papago
Buttes. Add to this the rare bonus of oversized, attached
two car garages, three outdoor patio areas, an
abundance of storage and in suite laundry rooms
complete with laundry sink and counter…all render Zen
On 50 a high demand, unique rental opportunity in a
central location.
CENTRALLY LOCATED
Ideally situated between South Arcadia (Phoenix),
Scottsdale and North Tempe, this quiet and private
setting is within minutes of major transportation,
shopping and entertainment. Demand for rentals is
supported by many large nearby employers such as On
Semiconductor, Arizona State University, State Farm,
Skysong and Phoenix Sky Harbor airport all within five
miles of the community.
NEW CONSTRUCTION
The community has been built to new home
construction standards. Averaging over 1,164 SF, each
unit features quartz countertops with a center island,
stainless steel appliances, nine and ten foot ceilings,
oversized windows, insuite laundry and double
attached garages. All units are individually metered for
both electricity and water.
AMENITIES
A fully gated community with double street frontage
with two automated gates provide convenient access
and serenity to the 3.5 acre site. Common area
amenities at ZEN on 50 include a resort style pool with
spa, fitness studio, BBQ area and built in conversation
fire pit area. Electric car hookups, dog park and a serene
Zen garden further enhance the desirability of Zen on
50 living.
TRANSPORTATION
The community is conveniently located minutes to the
Loop 202 providing quick access to the I-10, Loop 101
and I-60. Ideally sandwiched between major connectors
of McDowell and Thomas Roads proving convenient,
easy access to Midtown Phoenix, Scottsdale and Tempe.
URBAN LIFESTYLE
ZEN on 50 provides tenants a secure, well located
suburban retreat that is convenient with vista views,
active lifestyle amenities, proximity to hiking and biking
and the overall appeal of living near the trendy suburbs
of Scottsdale, North Tempe and South Arcadia.
Subsequently, the community features all the onsite
luxuries of urban living and is a short commute to a
multitude of employment centers.
THE OPPORTUNITY
PRICE MARKET PRICE
APN 126-21-221 thru 126-21-275, 126-21-279
ADDRESS 2015 N 50th Street | Phoenix, AZ 85008
COUNTY Maricopa
# OF UNITS 55
# BUILDINGS 10
# FLOORS 2
AVERAGE UNIT SF 1,164 SF
TOTAL RENTABLE SF 61,168 SF
ELECTRICITY Individually metered
WATER Individually metered
YEAR BUILT 2018
EXTERIOR Frame and Stucco
ROOF Flat Foam
BUILDER WARRANTIES Yes
DEFINED ACREAGE 3.4 Acres
PARCELS 59 (Including common area)
YEAR 1 PRO FORMA NOI $887,145
# OF UNITS BEDS BATHS SF RENT
39 2 2.5 1,040 $1,650
16 3 3 1,288 $1,950
PROPERTY DETAILS
UNIT AMENITIES
● Open Concept Townhome Floor Plans
● Contemporary Hardware and Fixtures
● Direct Access Two-Car Garages
● Three Large Patios and Decks
● All Bedrooms with Ensuite Bathrooms
● Powder Room for Guests
● Resilient Channel Party Walls
● Energy Efficient Stainless Steel Appliances
● Quartz Countertops
● Entertainment Center Island
● In Suite Laundry with Full Size
Washer/Dryer
● Walk In Closets
● Lots of Extra Storage
COMMUNITY AMENITIES
● Gated Community
● Dual Street Frontage
● Resort Style Pool and Spa
● Outdoor Grill, Dining Area and Fireplace
● Recreation Building
● Dog Park
● Zen Garden
● Electric Car Charger Outlets
● Ample Guest Parking
*Property in final lease up. Currently 65% leased with final completion expected October 30 2018.
3 BEDROOM UNIT 1,288 LIVABLE SQ FT.
2 BEDROOM UNIT 1,040 LIVABLE SQ FT.
FIRST FLOOR SECOND FLOOR FIRST FLOOR SECOND FLOOR
CLICK TO VIEW VIRTUAL TOUR CLICK TO VIEW VIRTUAL TOUR
VICTORIA MIACHIKA
Senior Managing Director
480.478.5048
Victoria@GPCImultifamily.com 8160 N Hayden Rd #J208 | Scottsdale, AZ 85258
GPCImultifamily.comDISCLOSUREListing agent related to one or more principles of selling entity.We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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