Seventh Apartments

About Seventh Apartments

Offers Due:  Wednesday, March 12, 2025

Cushman & Wakefield is pleased to offer SEVENTH, a 286-unit garden style apartment community offering exceptional value-add potential.

Ownership has spent nearly $10,000,000 upgrading the property since 2021. In late 2022, the equity investor took control of the partnership and operations.

Renovations include complete interior upgrades to 148 units including a conversion to individual HVAC systems in the entire west campus, additions and updates to property amenities, improvements to major mechanical systems, and substantial exterior renovations throughout the community.

Strong revenue upside is available through completing the renovations and moving in-place rents to market rents. Renovated market rental rates at SEVENTH are well below the rental rates of newer properties in the submarket with Class A studio units renting at over $300 higher and Class A one bedrooms renting at over $440 higher.

Attractive unit mix consisting of studio, one, two and three bedroom spacious units.

SEVENTH is strategically located in North Central Phoenix, one of the most desirable neighborhoods in Phoenix. Situated on 7th Street just north of Camelback Road, the location is perfect for residents looking to enjoy the conveniences of city living at an attainable price point.