508 E PIERSON Street Phoenix, AZ 85012

Pierson 8 consists of 2 adjacent 4-plexes (508-514). It is mid-century, block-constructed buildings and
has been completely updated top to bottom with high quality finishes. Some upgrades
include washer / dryers in each unit, new electrical, new windows, doors,
flooring, fixtures, bath surrounds, paint, landscaping, and private patios in 2 bed units.
It truly feels like a brand new property and was leased up immediately upon
completion of the improvements. The property is individually metered for electricity
and has a very attractive unit mix with (6) 2-bed / 1-bath units and (2) 1-bed / 1-bath
units in two separate fourplexes, which would allow for residential financing on each
property if desired. This is an amazing opportunity for a turn-key, bite-sized
investment in a fantast Pierson 8 Apartments is an 8-unit apartment community located in a quaint
neighborhood in the heart of Uptown Phoenix. Located right next to Brophy College
Preparatory, the property is located at "ground zero" of the Central Corridor and is
just over half a mile to the prestigious Central & Camelback intersection, with a light
rail station and Uptown Plaza. Uptown Plaza is a popular destination with Lou
Malnati's, Flower Child, AJ's Fine Foods, Shake Shack, and more. This is one of the
hottest areas of town for new, hip developments and more new restaurants and
retail than one could name. Restaurant Row along 7th Street is approximately 3/4 of
a mile away and hotspots such as Windsor, Postino, Federal Pizza, Joyride, and
Churn are a short bike ride away, just north of Uptown Plaza. The property is also
less than 2 miles to the newly renovated Park Central Mall and the new Creighton
University Campus. This location is as central is it gets and allows residents to enjoy,
with ease, so much of what Uptown has to offer. It is also just a short light rail ride
away, straight down Central, to Downtown Phoenix, ASU Downtown Campus, the
Stadium District, and more. With many dining, shopping, and entertainment
options, as well as multiple freeway access points all within minutes, Pierson Palms is
an extremely desirable location for residents and has consistently stayed fully
occupied.