Listed by CBRE - Phoenix
$12,247,000
Clubhouse at Arcadia
Details
APN 120-01-032C
Property Type Multifamily
Sub Type Apartment Building
Square Footage 45,350
Net Rentable (SqFt) 45,350
Units 43
Cap Rate 5.75%
NOI $704,197
Occupancy 100%
Price per SqFt $270
Broker Co-Op Yes
Class B
Year Built 1951
Year Renovated 2018
Buildings 4
Stories 1
Acreage 1.010
Zoning PAD - 15
Investment Type Core
Ownership Fee Simple
Clubhouse at Arcadia - 43 units in the prolific Arcadia neighborhood of central Phoenix
Investment highlights
Located in the prolific lower Arcadia neighborhood
Individual HVAC’s
In-Suite washer and dryers
Pool
Pet area
Spacious units averaging 1,055 SqFt
Renovated in 2018 with granite countertops, new kitchens & bathrooms, new flooring, doors and a stainless steel appliance package
28% two bedroom two bath units
Covered parking
Mature landscaping and plentiful greenspace area
Listing Contacts
Listed by CBRE - Phoenix
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$704,197.00
$58,683.08/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
