Listed by Newmark - Phoenix
$3,500,000
Loft 23 Townhomes
Details
APN 209-07-132
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 17
Cap Rate 5.01%
NOI $175,209
Occupancy 100%
Pro-Forma Cap Rate 51.00%
Pro-Forma NOI $175,209
Price per SqFt $292
Class A
Year Built 2023
Buildings 1
Stories 2
Lot Size (SqFt) 20,398
Investment Type Stabilized
8 Unit Class A Townhomes | Built in 2023 | Near Taiwan Semiconductor Manufacturing Company (TSMC)
Investment highlights
Loft 23 Townhomes represent the rare opportunity to purchase a newbuild townhome community located in the booming North Phoenix-Deer Valley submarket, just minutes from the Taiwan Semiconductor Manufacturing Company (TSMC).
- Boutique 8 Unit Class A Townhome Community
- Built in 2023 with Modern Features and Amenities
- Large 3 Bedroom 2 ½ Bathroom at 1,500 SF
- Modern Plank Flooring, Shaker Cabinets, Quartz Countertops
- Quality Construction w/ 9-Foot Ceilings Throughout
- Direct Access Garages and Private Back Patios
- Modern Smooth Stucco Exterior
- Modern Tiled Pitched Roofs
- 100% Occupied w/ Waiting List
- Minutes from the upscale Shops at Norterra and Happy Valley Town Center – 14M+ SF of retail, restaurants, and entertainment options
- Deer Valley Employment Corridor(94K Employees); USAA, Honeywell, Blue Cross Blue Shield, General Dynamics, Waste Management
- Minutes from Tiawan Semiconductor Manufacturing Company(TSMC) - $65 Billion Capital Investment (Largest Private Investment in Arizona History)
Listing Contacts
Listed by Newmark - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,209.00
$14,600.75/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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