LOOP 202 & BASELINE – Retail / Medical / Multifamily Land For Sale Discover an exceptional development opportunity with this prime 12.1-acre rectangular land property in the rapidly growing area of Laveen, Arizona. Perfectly zoned for retail, medical, or moderate density residential use at 12 units per acre, this parcel boasts essential will-serve letters for water and sewer, ensuring a smooth and efficient build process. Positioned at a hard corner with significant frontage on both Baseline Road and the 202 Freeway, the site offers unparalleled accessibility and visibility. Strategically located across from the future Banner Laveen Hospital, tapping into the burgeoning local demand. Don’t miss the chance to capitalize on this rare opportunity in a booming locale.
1022 & 1034 N Main Drive 1022 & 1034 Main Dr highlights four living units, three of which are ground-set, bank-financeable modular homes & one site-built 1-bedroom unit; all unit interiors were renovated in 2022. The investment would allow for significant opportunities for an investor to acquire a cash-flowing asset in a growing market! The Apache Junction property zoning (RS-10M) may allow for additional density and homes! All ground-set homes are currently owned by the owner. Current rents are below market, yet still generating a strong rent for the asking price. The asset is just below an acre of land that can be optimized to increase NOI day 1! Sell the homes to lower your basis and charge lot rent or maintain the current units to maximize cash flow.
Mesa 10 SFR Portfolio Sale The Mesa 10 SFR Portfolio provides an opportunity to purchase a flexible asset class with an array of investment and exit strategies. The portfolio is fully leased with mostly month-to-month tenancy, which creates better options for acquisition debt while maintaining flexibility with both operations and exit strategies. Geographically grouped in close proximity, this portfolio maximizes management and operations efficiencies. While boasting a strong step-in average of $1.40/sf rents, the Mesa 10 Portfolio yields an additional potential upside rental optimization opportunity of approximately 15% and additional opportunity through renovation efforts. Buyers can choose residential or commercial financing depending on their investment strategy and can benefit from multiple tax advantages ranging from accelerated depreciation to cost segregation.
The 5th Ave Apartments The 5th Ave Apartments is a 4-unit multifamily opportunity located in the South Central Submarket of Mesa, Arizona. The neighborhood, known as the Kleinman Park Neighborhood, boasts a strong demand for continual rental housing in a market that continues to experience significant job and economic growth. Originally built in 1959, it’s nearly impossible to find an asset so strategically positioned near the “RAILmesa” (Retail, Arts, Innovation & Livability) Community Area. Several economic drivers support this location, including education, retail, manufacturing, distribution, construction, and healthcare. This property is an amazing opportunity for an investor looking for a well-built, oversized, one- and three-bedroom multifamily investment property with washer/dryer hookups, separate storage space for each unit, garage and covered parking spaces, huge yards, and an incredible opportunity to buy at a low basis and increase rents! The property boasts a large courtyard and separate yards for the tenants, located in the heart of a market that is continuing to see major job growth and appreciation.
Eugie Terrace Discover the exceptional investment potential of 2015 E Eugie Terrace, a meticulously maintained multifamily property in North Phoenix. This offering includes a main 6plex constructed in 1985 and a separate single family residence dating back to 1960, all under the care of the current owners for over two decades. Property Features: Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence. Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep. Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units. Strategic Location: Desirable Setting: Located on a peaceful residential street in Phoenix, offering convenience to amenities, schools, employment and major transportation routes. Rental Demand: Positioned in a thriving rental market, ideal for sustained occupancy and income stability. Investment Appeal: Value Creation: Opportunity to enhance cash flow and property value through proactive management and targeted upgrades. Conclusion: 2015 E Eugie Terrace presents a rare opportunity to acquire a well-maintained multifamily property in a prime Phoenix location. With established tenant stability and potential for increased profitability, this investment is suited for both seasoned investors and newcomers looking to capitalize on Phoenix’s robust rental market.