5th Street Lofts
566 W. 5th Street, Tempe, AZ, 85281
6 modern new construction lofts, with open three story floor plans, garages, and located just half a mile from Tempe Mill Avenue.
I really like the style of these three story two car garage row house style town home community. The interiors are super open with very few walls and soft loft styling (exposed duct work and conduit etc...). Finishes include hardwood and/or stained concrete floors throughout (no carpet), granite counter tops, upgraded contemporary lighting, exposed steel stair runners and railings with solid wood risers, vessel sinks, room divide glass sliding doors, exposed block construction, large private porches, balconies, nine foot ceilings, ground floor office or den. Originally, one bedroom units started at $482,000.
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I find the HOA fees to be very competitive for comparable properties throughout the Valley. Remember, smaller communities generally have much higher HOA fees per unit than larger communities....economy of scale.
Centerpoint will never be a 'comp' for 5th Street Lofts as they offer two very different types of products. SIDEBAR: I do hope that someone figures out a solution for Centerpoint before too long.