Venture on Marlette consists of 14 units, (13) of which are two-bed/
two-bath units along with (1) one-bed/one-bath unit. The property
has been completely remodeled from top-to-bottom with nothing left
untouched. Full interior renovations have been done with popular,
cutting-edge finishes. All units are spacious for this era of building
and each include an in-suite washer and dryer. Several of the units
have large outdoor backyards. The property has a new roof, windows,
doors, and new paint inside and out. Full exterior upgrades include
professionally installed landscaping and more. The property surrounds
an inviting courtyard with beautiful outdoor amenity space. Each unit
is individually metered for electricity. Additionally, the property went
through lease-up while under cons
Supplements: so many rents are below
market and could be raised as leases expire. Not to mention, with
housing prices skyrocketing, rent growth should continue increasing
while those who cannot afford to purchase look to rent. There are not
a lot of properties that come available that are this attractive and well
located. This is a phenomenal bite-sized opportunity in an A location
that should continue to improve as things continue to happen in the
heart of Uptown Phoenix. Venture on Marlette is the latest offering from the amazing
Neighborhood Ventures team! The property sits directly in the middle
of Uptown Phoenix, just off of the famed 7th Street Corridor and
Restaurant Row. It is 3/4 of a mile to the original The Yard and
Culinary Dropout concept that was the impetus for the massive 7th
Street and Restaurant Row growth. The property sits on a quiet street,
minutes away from the Crown Plaza development with Wildflower 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 MORA Italian, Cold Beer & Cheeseburgers, and Bevvy, 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 Central Phoenix has to offer. With many dining, shopping
(Uptown Plaza is just a bike ride away), and entertainment options,
as well as multiple freeway access points within minutes, Venture on
Marlette is an extremely desirable property for residents.