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.