Listed by Newmark - Phoenix
$3,195,000
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 5.50%
NOI $175,809
Occupancy 100%
Pro-Forma Cap Rate 5.50%
Pro-Forma NOI $175,809
Price per SqFt $266
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
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
$175,809.00
$14,650.75/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
R-5 ResidentialMulti FamilyMultifamily Residence Restricted Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 73 uses
View all 73 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
