LOCATED IN NORTHERN PHOENIX NOT TO FAR FROM EXPENSIVE SCOTTSDALE & PARADISE VALLEY. HERE'S A CLASS B 214 UNIT MULTI-FAMILY ASSET WITH A GOOD HISTORY AND PLEASING INVESTOR METRICS
PURCHASE PRICE PER THE SELLER OF $34,750,000 PLUS THE BUYER PAID 3% REAL ESTATE COMMISSION
POF NEEDED
8242 N Black Canyon Hwy
Phoenix, AZ 85051
Metro PHX · Multifamily Property For Sale
8242 N Black Canyon Hwy, Phoenix, AZ for sale Primary Photo- Image 1 of 1
PROPERTY FACTS
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 5.04 AC
Building Size 91,636 SF
No. Stories 2
Year Built 1983/2020
UNIT AMENITIES
Kitchen
Tub/Shower
SITE AMENITIES
Clubhouse
Fitness Center
Playground
Pool
Pet Play Area
TRANSPORTATION
TRANSIT/SUBWAY
Northern/19Th Ave
Valley Metro
3 min drive1.6 mi
19Th Ave/Dunlap
Valley Metro
6 min drive2.6 mi
Glendale/19Th Ave
Valley Metro
4 min drive2.2 mi
Montebello/19Th Ave
Valley Metro
6 min drive3.3 mi
19Th Ave/Camelback
Valley Metro
Phoenix Sky Harbor International
22 min drive14.9 mi
Phoenix–Mesa Gateway Airport
55 min drive41.7 mi
Subject: Fwd: 214 Unit Phoenix Arizona
Price is 34750,000 plus 3% buyer paid commission
No seller finance or loan assumption
6% cap rate
Built in 1983
Renovated 2020
The deal is 214 units in Phoenix, AZ. The unit mix is outstanding with 6 studios, 40 1bed/1bath, 166 2bed/2bath, and 2 3bed/2bath units. The owner has owned this for about 5 years and they are starting to dispose of some assets. It has been very stable for them over the last few years but they have not done much value add to the asset. They have only renovated 40 units fully, 58 partially, and the remaining 116 units are all classic.
3001 N Black Canyon Hwy
Phoenix, AZ 85051
Metro PHX · Multifamily Property For Sale
PROPERTY FACTS
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
B
Lot Size
5.04 AC
Building Size
91,636 SF
No. Stories
2
Year Built
1983/2020
UNIT AMENITIES
SITE AMENITIES
TRANSPORTATION
TRANSIT/SUBWAY
Northern/19Th Ave
Valley Metro
3 min drive1.6 mi
19Th Ave/Dunlap
Valley Metro
6 min drive2.6 mi
Glendale/19Th Ave
Valley Metro
4 min drive2.2 mi
Montebello/19Th Ave
Valley Metro
6 min drive3.3 mi
19Th Ave/Camelback
Valley Metro
8 min drive4.6 mi
airplane icon AIRPORT
Phoenix Sky Harbor International
22 min drive14.9 mi
Phoenix–Mesa Gateway Airport
55 min drive41.7 mi
