Listed by Stepp Commercial
$22,125,000
Ocotillo Apartments
Details
Property Type Multifamily
Square Footage 108,503
Net Rentable (SqFt) 108,503
Units 176
Cap Rate 7.25%
NOI $1,604,205
Price per SqFt $204
Year Built 1972
Acreage 4.050
Investment Type Stabilized
Affordable Multifamily
Marketing description
Attractive, expansive property in robust, infill Phoenix rental location, featuring a pool and BBQ areas. Fully stabilized with renovated units plus a large multi-purpose clubhouse. Very low vacancy. 118 units are rent-restricted.
Investment highlights
The following 3 Phoenix properties are available for purchase as a portfolio:
1711 W Bell Rd
1501 Grand Ave
1780 W Missouri Ave
Listing Contacts
Listed by Stepp Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,604,205.00
$133,683.75/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Zoning
PAD-14 PlannedPlanned Area Development
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View all 73 uses
View all 73 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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