15 Unit Complex with 8% IRR
Centrally Located : Tax Haven : 100% Occupied
Marketing description
Introducing Alameda Villas - Brand New Luxury Townhomes! A stunning new construction community completed in 2024, offering 15 meticulously designed single-family townhomes.
Built for ultimate flexibility, these homes can be sold individually as single-family residences or acquired entirely for a lucrative leasing opportunity. Conveniently situated near premier dining, grocery, and retail destinations.
Thank you for visiting our listing.
The best way to learn more about the property is to email me at [email protected] or call/text at (623)910-4003 with any questions.
Thank you,
Paul Nehmeh
Investment highlights
Class A
Multiple Exit options
Individually plotted so could be sold as package or individually
Has CCRS with Bylaws if separated
Built as Single Family Attached with higher end finishes which will out last a traditional built to rent.
Has a pressure test , energy test and health certificate.
Low maintenance built with synthetic stucco finish.
Property Value $9,000,000
Average rent $3450
Annual Gross Income $621,000
Operating Expenses 16%
(Insurance yearly $12,000
Taxes yearly $30,000
Landscape yearly $7,200
Pest control yearly $1,200
Property management 4% of collected rents)
Operating total $99,360
Vacancy rate 5% (100% Occupancy)
Az demand puts us at 5-0 %
Other states are higher
Annual Net Income $495,558
Cap Rate 5.506
This property did not take any write offs or depreciation.
Similar townhomes sell in low $700s to mid $700s
This property is able to be gated , add a pool and possibly add solar on flat roofs.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
