Bloom 24 Apartments

2323 E Flower Street, Phoenix, AZ 85016

Property: Bloom consists of four 2-story buildings. Community amenities include a resort style swimming pool, grilling stations, fitness center, pet park, large landscaped areas, and controlled gated access. Unit amenities include floor to ceiling windows, lofted ceilings on second floor units, walk-in closets, ceramic tile floors, stainless steel appliances, tile, backsplash, laminate countertops and designer cabinetry.

Location: Centrally Located with great highway access to major employers across the Valley. Bloom is roughly 8 minutes away from both Downtown Phoenix and Phoenix Sky Harbor International Airport. The asset is one mile away from the Camelback Corridor with 8 million square feet of office. This corporate office destination includes industry leaders such as Charles Schwab, Cisco Systems, Zenreach, Humana, Fennemore Craig, and Northern Trust.

Market: Phoenix added 96,000 residents in 2018 and is currently the second fastest growing MSA in the nation. Population growth outpaced the national average with Phoenix experiencing 18% gain to their population and a 18% household growth rate as well. Increased population growth coupled with employment growth in the immediate market has led to a resurgence in rent gains. Strategically placed in the path of growth, with a vintage product that feels new, Bloom is positioned to capture qualified workforce residents.

Lot

Land Use

Apartment

Land Area

183,032 sqft

Zoning

R6

Profile

Total Units

114

Year Built

1973

Year Renovated

2015

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