The Grove on 37th St - 3120 N 37th St, Phoenix, AZ 85018

The Grove on 37th is located at 3010 - 3120 North 37th Street in Phoenix, Arizona, also known as Arcadia Lite. In recent years this area as seen a boom in development & redevelopment as affluence moves south of Indian School Rd. The 3010 lies just north of Thomas Rd and 3120 is about a quarter mile north of Thomas Rd, a major east-west thoroughfare lined with several retail centers, service centers, and restaurants, running through Phoenix. Residents at The Grove have a unique advantage to capitalize on the centrality between Scottsdale, Tempe, Arcadia, and Camelback Corridor. Accessibility to shopping, dining, and entertainment is walking distance in nearly all directions and there is no shortage of new hip bars & restaurants nearby, which have been driving development in residential living in the area. Nearby restaurants include Postino, The Henry, Flower Child, Chelsea’s Kitchen, The Vig, La Grande Orange Grocery & Pizzeria, Chestnut Fine Foods, , Arcadia Tavern, Over Easy, O.H.S.O Eatery, , Steak 44, North Italia, The Yacht Club, The Little Woody, Crudo, Zipp’s, plus many others. Plus, any & all shopping needs can be accessed via Thomas & 44th St at Arcadia Crossing shopping center anchored by Fry’s, Target, and Costco. Major freeway access to the Loop 202 is available via the 44th St & 32nd Street on-ramp located less than two miles south of the property allows ready access to Metro Phoenix and major jobs cores. The Grove on 37th consists of 14 units on separate parcels, both fronting on 37th St. Each property consists of 7 single-family attached style units all built in 2017. All units consist of two stories, three-bedroom/two-and-a-half bathroom spacious floor plans. The average unit size 1,657 square feet and most are equipped with a 2-car garages. Built of wood frame construction and painted stucco with flat roofs. All units have roof mounted individual HVAC units and utility costs associated with heating and cooling are the responsibility of the tenant. The property is individually-metered for electricity and each unit has their own hot water heater. Tenants are also responsible for the cost of water, sewer, & trash. Having individually platted fee simple Single Family Residential Attached units provides an owner with minimal, if not zero utility costs, which is the benefit of the SFR Build For Rent model.