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Shorewood Apartments

Shorewood Apartments

At a Glance

Name: Shorewood Apartments
City, State: Phoenix, Arizona
Type: Apartment Community
Acquisition Date: January 2012
Acquired From: Regional Bank
Year Built: 1960
Number of Units: 21
Unit Mix: Seven, one-Bedroom/One-Bathroom Units
14 Two-Bedroom/Two-Bathroom Units
Unit Sizes: 855 to 1,203 (Average 1,087) Square Feet
Renovation Strategy: Retro Feel, Which Appeals to Target Demographic; Maintain and Enhance Exterior Aesthetic While Updating and Repainting the Interior Finishes and Fixtures
Location Advantages: In Arizona’s “Uptown” Neighborhood, a Predominantly Gay Community;
Date Sold: June 2014