1846 E Washington St., Phoenix, AZ 85034

1846 is a 12-unit boutique apartment community located off of Washington Street near Downtown Phoenix. Located a short 3 minute drive to the south, Phoenix Sky Harbor International Airport is one of the largest employers in the Phoenix MSA. Additional employers in the Gateway corridor include FedEx, Honeywell, JP Morgan Chase, Bank of America, Gateway Community college, Waste Management, Southwest Airlines, American Airlines and more. Developed in 1940, 1846 is comprised of 8 studio floor-plans, 3 one bedroom floor-plans, and 1 two-bedroom floor-plan averaging 329 square-feet. Current ownership has injected roughly $240,000 of capital into improvements such as new roofs, new walkways, six new air conditioning units, stucco and paint, select new electrical panels and more. Future ownership will have the opportunity to eliminate the current loss to lease, and implement a utility reimbursement (RUBS) across every unit.