Listed by CBRE - Phoenix
$10,571,000
Arcadia 52
Details
APN 128-16-007F
Property Type Multifamily
Sub Type Apartment Building
Square Footage 28,320
Net Rentable (SqFt) 28,320
Units 34
Cap Rate 5.75%
NOI $607,798
Occupancy 100%
Price per SqFt $373
Broker Co-Op Yes
Class B
Year Built 1979
Year Renovated 2020
Buildings 3
Stories 3
Acreage 1.160
Zoning R5
Investment Type Core
Ownership Fee Simple
Arcadia 52 - Located in the Highly Desirable Neighborhood of Arcadia
Investment highlights
In Suite Washer & Dryers
70% 2 bed 1 bath units
4 loft style units with 1 bedroom and 1.5 bathrooms
Located in the highly desirable Arcadia neighborhood
Renovated in 2020 with new kitchens, bathrooms, granite countertops & stainless steel appliances
Onsite pool, BBQ area and pet area
Spacious units and well designed floor plans
Individual HVAC units
833 average unit square feet
Private patios and balconies
Covered parking with assigned spaces
Guest parking
Listing Contacts
Listed by CBRE - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$607,798.00
$50,649.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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