The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is currently in lease-up and is situated in an extremely desirable Greensboro submarket. The submarket is characterized by high quarterly effective rent growth (18.6% in Q2 2022), high barriers to entry (zero units being proposed/under construction in the immediate area), and attractive demographics (over 59% white-collar workers). Of the 7 Greensboro Winston-Salem submarkets, this submarket ranked #1 for overall average occupancy (97.9%) in Q2 2022. Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents exceptional opportunity to acquire a beautifully built asset and gain almost $43K in additional revenue by implementing other streams of income.
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Under LOI
600 Station Square
48 Units
600 Coapman Street
Greensboro, NC  27407
Type: Conventional
Posted: 9/23/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
616 Perrilyn St
1 Units
616 Perrilyn St
Pittsburgh, PA  15211
Type: Single Family Rental
Posted: 3/29/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present 6375 West Irlo Bronson Highway (the "Property"), a 76.84-acre development site located in The Orlando MSA. The offering represents a generational opportunity for a developer to build a truly unique and impactful project that will transform the Orlando MSA.

The Property bears a Commercial Tourist(CT) zoning designation, which is primarily intended for intense tourist-related housing, commercial and recreational, and entertainment uses. The CT zoning designation has only two restrictions, no industrial uses, and a maximum residential density of 80 units per acre.

The Property benefits from its location on the northeast corner of the intersection of Interstate 4 and W Irlo Bronson Memorial Highway (Highway 192), providing easy access to Orlando’s major employment and entertainment destinations. The nearby Tourist Corridor Office submarket is home to 9.8 m.s.f of office space and features major corporate users including Lockheed Martin, Darden Restaurants, Wyndham Destinations, Visitana, and Houghton Mifflin Harcourt. Additionally, the Property is within 10 minutes of over 8.0 m.s.f. of retail and restaurant space and is adjacent to Disney’s sprawling 25,000 acre campus supporting over 77,000 employees.

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6375 W Irlo Bronson
76.84 Acres
6375 W Irlo Bronson Highway
Kissimmee, FL  34747
Type: Land
Posted: 3/24/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
647 Dunster St
1 Units
647 Dunster St
Pittsburgh, PA  15226
Type: Single Family Rental
Posted: 3/29/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
703 Brookline Blvd
2 Units
703 Brookline Blvd
Pittsburgh, PA  15226
Type: Conventional
Posted: 3/29/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
732 Bayridge Ave
2 Units
732 Bayridge Ave
Pittsburgh, PA  15226
Type: Conventional
Posted: 3/29/2022

Located in Pittsburgh's most popular neighborhoods, this portfolio provides the unique opportunity for an investor to acquire 13 units in a high barrier to entry market surrounded by world class education, culture and the region's top employers.

With properties spread across Oakland, Edgewood/Swissvale, and Greenfield, this portfolio contains some of the region's premier locations where top talent is drawn to live, work and play. The portfolio has a wide variety of unique features and unit types ranging from single family homes to multifamily properties. All the units have been at least partially upgraded and include open floor plans, updated kitchen and bathroom cabinets, flooring and light fixtures.

Many of the units could be easily improved to a more modern aesthetic which would allow the new owner to raise rents. Updated fixtures, common area and exterior upgrades to enhance the façade would make these units stand out even more in an extremely competitive rental market. Given the presence of Carnegie Mellon, The University of Pittsburgh, Chatham University and UPMC, these properties are in the epicenter of some of the world's best education and employment making them ideal for young students and professionals alike.

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Greater East End Portfolio (3 properties, 13 units)
7900 Edgewood Ave
5 Units
7900 Edgewood Ave
Pittsburgh, PA  15218
Type: Conventional
Posted: 5/3/2022

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±0.98 acre, high density multifamily development site in Phoenix’s rapidly transforming Downtown located in the Opportunity Zone.

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7th Street & Buchanan
   
NWC 7th Street & Buchanan Street
Phoenix, AZ  85004
Type: Conventional
Posted: 9/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 286-unit 800 Tower City Club high rise apartment community located in Louisville, Jefferson County, KY. This asset is situated in Downtown Louisville, just 1 mile from the Louisville Medical District with over 25K jobs. Fronting I-65, 800 Tower City residents have access to Louisville’s main artery. With over $43M invested in the asset between 2015-2021, the property features luxury amenities and interior finishes. The property is the only high rise dedicated to multifamily in Kentucky and boasts breath taking views of Downtown Louisville. Built in 1974 and completely renovated, 800 Tower City Club represents an outstanding opportunity to invest in a turn-key asset in Downtown Louisville with upside remaining.
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Under LOI
800 Tower City Club
286 Units
800 S 4th Street
Louisville, KY  40203
Posted: 11/22/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 804 E 7th. The rarely available, fully approved, residential development opportunity is located in South Boston’s most desirable neighborhood, City Point. Directly across the street from M Street beach, the property offers sweeping views of Boston Harbor and Pleasure Bay.

The proposed project consists of the conversion of the 31,995 SF former nursing home into a residential building with twenty-one residential units and twenty-one garage parking spaces. The existing 3-story structure provides great in-place bones for redevelopment.

When complete, 804 E 7th will offer future residents unparalleled access to a dynamic mix of amenities and transit options, scattered throughout South Boston and the Seaport. Furthermore, the project is poised to benefit greatly from several upcoming large-scale developments in the immediate area. An influx of both life science and commercial development will bring thousands of new employees and millions of square feet of development to the already bustling submarket.

804 E 7th is being offered for sale without a formal asking price, free and clear of existing debt. Once qualified investors have had an opportunity to review the offering materials and tour the Property, Cushman and Wakefield will schedule a formal "Call for Offers".

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804 East 7th Street
21 Units
804 East 7th Street
Boston, MA  02127
Posted: 7/26/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
903 Fordham Ave
1 Units
903 Fordham Ave
Pittsburgh, PA  15226
Type: Single Family Rental
Posted: 3/29/2022

WALKABLE TO MEDICAL EMPLOYMENT & AMENITIES

946 MLK is within a 10-minute walk to four hospitals and many other healthcare facilities within downtown's medical district. The IU School of Medicine, 16 Tech, IUPUI, multiple significant employers, museums and parks, and numerous dining and shopping options are also within walking distance.

PERFECT UNIT MIX FOR YOUNG PROFESSIONALS

The property has a unique unit mix perfect for young professionals who want to live, work and play in downtown Indianapolis. One-bed units are suitable for singles or couples while the three-bed units are great for roommates. Within a one-mile radius of 946 MLK, the median age is 29 years and 73% are college-educated.

BOUTIQUE LUXURY COMMUNITY

This small, boutique community offers what young dwellers are looking for with upscale finishes like granite counters, kitchen islands, built-in microwaves, and in unit washer and dryer. Amenities include a spacious state-of-the-art fitness center, business lounge, reserved covered parking and beautiful views of downtown Indy.

OPPORTUNITY TO ELEVATE REVENUE

The new owner could immediately increase revenue by implementing a parking fee. All of the competing properties for 946 MLK charge for parking. The property could be elevated with minor upgrades such as additional fitness equipment, converting the business lounge to a "co-working" space and a few enhancements in unit interiors.

URBAN TWO-PROPERTY PORTFOLIO OPPORTUNITY

946 MLK can be purchased individually, or with The E'laan. Both properties are located in walkable locations in downtown Indianapolis and share staffing. The two properties total 91 units and offer operational efficiencies when purchased together.

 
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946 MLK
Offers Due:  Friday, March 31, 2023
20 Units
946 Dr. Martin Luther King Jr. St.
Indianapolis, IN  46202
Posted: 2/9/2023

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
950 Berkshire Ave
1 Units
950 Berkshire Ave
Pittsburgh, PA  15226
Posted: 3/29/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a core-plus investment opportunity to acquire Advenir at Biscayne Shores, a 240-unit garden community in North Miami Beach, Florida. The property is one of only two garden assets that has been built since 2010 that is located east of I-95 in Miami-Dade County. Originally built in 2014, ownership has been in the midst of in-unit upgrades – adding quartz countertops, stainless-steel appliances, hard-surface flooring, and tile backsplashes. There is considerable upside to complete the renovations across all units. As a newly-built property it represents unique garden-style living as opposed to the other mid-rise and high-rises built in the area during the current development cycle. The property is located just off of Biscayne Boulevard, and is minutes from the major employment hubs of Downtown Miami and Aventura with over 23.6 million square feet of office space.
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Advenir at Biscayne Shores
240 Units
12016 NE 16th Avenue
Miami, FL  33161
Type: Conventional
Posted: 1/5/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Amalfi at Tuscan Lakes, a 328-unit, 2008-built apartment community, and Sorrento at Tuscan Lakes, a 204-unit, 2008-built apartment community, both located in the Houston MSA in League City, Texas. Amalfi and Sorrento at Tuscan Lakes offer prospective buyers an extraordinary opportunity to acquire timeless institutional product with immense value-add potential and below-market in-place debt in an established and continuously growing submarket of Houston, Texas. Momentus tailwinds including a multitude of employment centers spanning a variety of industries, an array of amenities and attractions, healthy demographics, hearty rent growth projections, and notable developments proximate to the assets will ensure that these assets continue to prosper.
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Amalfi & Sorrento at Tuscan Lakes (2 properties, 532 units)
Amalfi at Tuscan Lakes
328 Units
1450 East League City Parkway
League City, TX  77573
Type: Conventional
Posted: 12/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Amber Grove apartment community located in Marietta, GA. This asset is situated in the burgeoning suburbs of Cobb County with 3.8M SF of new developments under construction and 20% year-over-year multifamily rent growth. Current ownership has spent $3.8M on capital improvements at Amber Grove and renovated about 50% of units. A new owner can generate upside by renovating the remaining 167 units. Additionally, Amber Grove has a favorable tax advantage with frozen taxes over the next two years. Built in 1973, Amber Grove represents an outstanding opportunity to invest in a value-add asset with large floor plans and low density in the highly sought-after Cobb County.
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Under Contract
Amber Grove at Olley Creek
360 Units
2050 Austell Road
Marietta, GA  30008
Type: Conventional
Posted: 3/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 268-unit American Can apartment community located in New Orleans, LA. This asset is situated in between I-10 and I-610 with convenient access to major employers and over 23M SF of office space within a 3-mile radius. Located in Mid-City, the property is surrounded by major landmarks including City Park, Bayou St. John, Lake Pontchartrain and the BioMedical District. Current ownership completely transformed the asset by thoroughly renovating exteriors, upgrading 20% of the interior units and adding several amenities, including a dog park, resident lounge and outdoor courtyard at the property. With heavy lifting complete, a new owner has the opportunity to complete the interior value-add program. Built in 1929 as a manufacturing facility and converted to multifamily in 2002, American Can represents an outstanding investment in a unique product with major upside in the heart of New Orleans.
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Under Contract
American Can
268 Units
3700 Orleans Avenue
New Orleans, LA  70119
Posted: 7/22/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire AMLI Sawgrass Village, a 325-unit LEED Gold, Core-Plus opportunity located in Sunrise, Florida. Built in 2016, the property is comprised of two 5-story midrise buildings with an attached 5-story structured parking garage. Originally developed by AMLI Residential, the property was thoughtfully designed with high-end unit finishes and a wide array of amenities. It is across from the FLA Live Arena and the 2.4M square foot Sawgrass Mills Mall–providing residents ample shopping, dining and entertainment options.
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AMLI Sawgrass Village
325 Units
3001 N.W. Terrace
Sunrise, FL  33323
Type: Conventional
Posted: 2/9/2023
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Southeast Multifamily Advisory Group, is excited to present the exclusive listing of the Arcadia on the River student apartment community in Milledgeville, Georgia. Completed and opened in August 2017, the 123-unit, 510-bed, modern cottage community is located adjacent to the Oconee River and Greenway, minutes from Milledgeville’s three highly-ranked colleges and universities and thriving downtown commercial district. Given its premier location, top-of-market amenities, and upscale cottage-style residences, this high-demand asset offers an outstanding opportunity to supplement or initiate a student housing investment strategy within one of Georgia’s most rapidly-expanding student-oriented markets.
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Arcadia on the River
123 Units | 510 Beds
120 Pumping Station Road
Milledgeville, GA  31061
Type: Student
Posted: 1/11/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 114-unit Arden Place apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically northeast of major retail centers including Target, Walmart Neighborhood Market, Home Depot, Lowe’s, and Kroger, and just west of Robins Airforce Base. Built in 1983, Arden Place represents an outstanding opportunity to invest in a proven value-add asset achieving rent premiums of $250 on renovated units. The community is situated in the rapidly-expanding area of Watson Boulevard with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Arden Place
Offers Due:  Thursday, March 23, 2023
114 Units
835 Johnson Road
Warner Robins, GA  31093
Type: Conventional
Posted: 11/15/2022
For more information regarding Ascent 430 please contact Jorge Rosa or Anthony (TJ) Liberto. The following link can be used to sign the confidentiality agreement: https://platform.reverecre.com/project/b9618426-b3bf-49ef-a7b3-58d888e39362/files
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Ascent Four Thirty
319 Units
430 Ascent Dr
Wexford, PA  15090

Attractive Cap Rates - 6.2% T-3 & 7.3% Year 1

Aspen Pointe is in excellent physical condition and offers immediate cash flow selling at a 6.2% T-3 and achievable 7.3% Year 1 Cap Rate. Historical occupancy averages 96% over the last four years.

Fully Renovated - $5.1M+ Capital Infusion

The majority of the property infrastructure has been replaced, and all units have been fully upgraded within the last seven years. Items included replacement of HVAC systems, electrical, plumbing, windows, patio doors and balconies.

Limited Nearby Competition

There is only one competing property close to Aspen Pointe. The remainder of the five competing properties are at least two miles away. This quiet property is nestled among mature landscaping and offers a neighborhood feel that rivals its limited competition.

Close to Logistics Hub, Airport & Interstates

Located on Indy’s southwest side, Aspen Pointe is close to Indy’s logistics hub with nearly 98M SF of facilities, Indianapolis Int’l Airport and significant employers such as Amazon, FedEx Hub, UPS Hub, Target Distribution Ctr., Foxconn and Nippon. Interstates I-465 (0.7 Mi.) and I-70 (1.6 Mi.) offer access to additional employment.

Value-Add Potential with Minor Enhancements

With minor enhancements to all units, and adding amenities, Aspen Pointe could be regarded as the top property among its competition.

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Under Contract
Aspen Pointe
180 Units
5838 Mooresville Road
Indianapolis, IN  46241
Posted: 1/10/2023

Unique Property with large single-level floor plans

Aura offers residents a large single-level floor plan layout. One bedrooms offer 1,000 SF+ of spacious living and the average unit size is 1,200 SF+. All units have large patios and balconies, and first floor units have a wrought iron enclosed patio. The full amenity set features a fitness facility, pet park (new equipment) and pool (recently refurbished with new pool equipment and poured new deck around pool).

Near Major Employment and Amenities

Numerous major employment centers are within a 15-minute drive of the property. Aura is also very close to Marian University (1,115 emp.), Butler University (500 emp.), Indianapolis Motor Speedway (400+ emp.), Newfields Art Museum & Nature Park (300+ emp.) and the popular 5,300-acre Eagle Creek Park & Reservoir.

Close Proximity to Downtown Indy

Downtown Indianapolis is a quick 10 mile drive from Aura. Downtown is the main employment center and offers countless opportunities for dining, entertainment, sports, festivals and night life.

6.4% Cap Rate - Year One with Additional Upside

The current owner has spent more than a year cleaning up the rent roll and completing evictions for residents with non-payment. The new owner can achieve a 6.4% cap rate in year one by simply normalizing bad debt to 2%. By upgrading classic units, revenue can be increased by an additional $300K annually. Fully upgraded units will likely command a $200+ Premium.

808 Unit Portfolio Offering

Aura can be purchased individually, or together with Harrison Point (342 units) in Indianapolis, Tuscany Bay (96 units) in Lawrenceburg, and Devonshire Gardens (139 units) and Devonshire Place (106 units) in Evansville for a total portfolio of 808 units, offering instant economies of scale.

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Under LOI
Aura
125 Units
3035 W. 39th Street
Indianapolis, IN  46228
Posted: 1/16/2023

Cushman & Wakefield is pleased to offer AVALON, a 117-unit fully renovated garden-style asset located in the Biltmore area of the city of Phoenix. Originally constructed in 1973, Avalon has undergone a complete renovation under the current ownership to create a high quality, affordable community in the highly desirable Biltmore area of Phoenix.

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Avalon
117 Units
3851 North 28th Street
Phoenix, AZ  85016
Posted: 4/25/2022