Bear Holdings Group has completed a $6M renovation of the 288-unit Dunlap Falls Apartments. The property has been leased to a current occupancy of 95%+.
Dunlap Falls is located in the Metrocenter submarket in central Phoenix. The property is being offered by Colliers International.
Dunlap Falls consists of 240 two bedroom/one bath units and 48 three bedroom/two bath units with a generous average unit square footage of 835 square feet.
Rental units are located in three-story buildings. The newly gated community includes a beautifully remodeled single-story rental office and a community center located at the center of the property. A swimming pool and children’s play area are adjacent to the community center. Covered parking is provided (one per rental unit) as well as abundant open parking. Heating and cooling are provided by a central chiller/boiler system, and the utility expenses are recovered from the residents through a RUBS system.
The entrance to Dunlap Falls has great drive-by appeal and high visibility along Dunlap Avenue (±40,000 daily vehicle traffic). The monument sign at the property entrance has a digital display to highlight special offers. The property has direct access, through a dedicated gate, to the two adjacent schools: Cortez High School and Alta Vista Elementary School.