825 E MARLETTE Avenue Phoenix, AZ 85014

Marlette 8 is an eight-unit boutique apartment property located in the heart of North
Central Phoenix. The property sits directly in the middle of Uptown, just off of the
famed 7th Street Corridor/Restaurant Row. It is a 3/4 of a mile to the original Yard (and
Culinary Dropout) concept that was the impetus to the massive 7th Street/Restaurant
Row growth. The property sits on a quiet street, minutes away from the Crown Plaza
development with Wildflower Bread Company and Rito's Mexican Food. The Womack,
an amazing tribute to the iconic Phoenix bar, Chez Nous, is also a short bike ride/walk
away, as well as Fuego Bistro, Mora Italian, Cold Beers & Cheeseburgers and all of the
dining and shopping at Uptown Plaza just to name a few. This property really sits in the
heart of it all. The location is as popular as it gets and allows residents to enjoy, with
ease, so much of what Phoenix has to offer. With many dining, shopping, and
entertainment options, as well as multiple freeway access points within minutes,
Marlette 8 is an extremely desirable property for residents to live.
Marlette 8 consists of half two-bedroom/one-bath units and half one-bedroom/onebath units. They are all individually metered for electricity and all of the units have
individual washer/dryers. Three of the units have been completely remodeled with
new cabinets, quartz countertops, deep basin sink with pull-down sprayer, stainless
steel appliances, new faux wood vinyl flooring throughout, upgraded electrical and
plumbing fixtures, two-tone paint, etc. Three of the units have had partial renovations,
with painted cabinets, resurfaced countertops, new appliances, new faux wood vinyl
flooring and carpet in bedroom, upgraded electrical and plumbing fixtures and twotone paint. Two of the units are fairly original. Value-add opportunities exist through
additional updates to the five units that have not been completely upgraded as well as
by giving the exterior an easy face-lift. The property sits on two separate parcels,
allowing for someone to get 30-year fixed rate residential financing if desired. This is a
phenomenal bite-sized opportunity in an Class-A location that should continue to
improve as things continue to happen in the heart of Uptown Phoenix.