1010 S Smith Rd., Tempe, AZ 85281

Las Palmas Apartments is a 16-unit duplex style apartment community located in Tempe, Arizona. The property is of 1961 vintage, with recent renovations, built of solid block, in a beautiful low-density courtyard setting. The unit mix is all 16 two-bedroom/one-bath units at approximately 720 square feet. Each unit is individually metered for electricity and equipped with frost-free refrigerators, stove and hood. In the past 2 years major capital expenditures have been completed. Select units have upgraded appliances, flooring, fixtures and electrical outlets. The community also provides its residents with on-site laundry. Value-add improvements can be made such as adding washer/dryers to each patio with pre-existing hookups; fencing in patios, gating property, adding BBQ picnic area e