508 E Pierson St., 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.