Multifamily Investment Opportunity
Price
$9,200,000
Off-Market Opportunity for Multifamily Investors
Property: Cielo Apartment Homes - 21 Units
Location: North Central Phoenix, Southwest Corner of Greenway and 29th Street
Access: Near the 51 Piestewa Freeway
Nearby: Paradise Valle High School, Abrazo Medical Campus, Desert Ridge Marketplace
Description:
Welcome to Cielo Apartment Homes, a new community offering 21 units in a prime location in north central Phoenix. This new construction property requires no major repairs, making it an ideal investment opportunity.
Property Financials: https://drive.google.com/drive/folders/1VgaRvJ_jHOfd3AkoX3bphZgYMffG22KT?usp=share_link
Enhancement Opportunities:
Smart home package for all units
Security cameras at entrances and common areas
Additional landscaping
Addition of drywell and piers for common amenity area
Additional low voltage lighting
Package locker system
Revenue Potential:
Monthly premiums of $50-$100 per unit achievable in the current market with enhancements. Additional revenue opportunities include increasing net rent, Valet Trash, amenity premiums, and examining increased RUBS billing.
Purchase Price: $9.2M Cash
Submit Offers: Please submit all offers directly to investments@promiselandrealtyllc.com. Don't miss this opportunity to invest in a thriving multifamily property with great potential!
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET REAL ESTATE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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