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4035 N 28th Street - Townhomes on 28th St, Phoenix, AZ

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4035 N 28th Street - Townhomes on 28th St

Phoenix, AZ 85016-6865 - Hoffman Terrace MF Submarket


Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:2008
Stories:2 Building Size:13,648 SF Land Area:.42 AC (18,417 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:-



Sale Notes:
Starting Bid $650,000
Participation Deposit $10,000
Auction Starts 12/12/2016
Auction Ends 12/14/2016



NO TRESPASSING. Property tours are available by appointment only on Thursday 12/1 and Thursday 12/8. Please contact Tiffany Foxx to schedule at TFoxx@Ten-X.com or 786-871-3847.

Investment Highlights:
• 100% occupied 8-unit townhome multifamily project designed for upscale, urban living
• Unit mix includes (4) 3 Bed/3 Bath and (4) 3 Bed/3 Bath units averaging ±1,706 SF with attached 2-car garages
• Newer 2006 construction with energy saving features such as AAC-Crete walls, Steel Framing, Low-E windows, and 13 Seer AC
• Units feature contemporary interiors with north/south exposure with an abundance of natural light
• Conveniently located near the 51 and 202 Freeways, and near the 40th/Campbell and Biltmore entertainment areas
• Excellent area demographics with more than 307,000 people within a 5 mile radius of the property with an average household income of ±67,468

Investment Overview:
Townhomes on 28th is a stabilized luxury townhome community located at 4035 N 28th Street, within the desirable Arcadia neighborhood, in Phoenix, AZ.

Townhomes on 28th consists of 8 two-story townhomes totaling ±13,648 SF on a ±0.42 AC parcel. There are two layouts/floorplans available: four 3 bedroom/2.5 bathroom ±1,646 SF floorplan and four 3 bedroom/3.5 bathroom ±1,766 SF floorplan. The Property was designed for upscale urban living and was built in 2006 with AAC-Crete walls (sound and fire resistant), steel framing, Low-E windows, and 13 Seer AC. The units include north facing balconies, walk-in closets, 2-car garages, private terraces, security system pre-wire, ceiling fan pre-wire, rec. lighting & fire sprinklers throughout. Townhomes on 28th is currently 100% occupied and 6 units have annual leases and 2 are on month-to-month.

Phoenix ranks as one of the fastest-growing cities in the nation. Known for its year-round sun and warm temperatures, it anchors a sprawling, multicity metropolitan area known as the Valley of the Sun. Phoenix is known for high-end spa resorts, Jack Nicklaus–designed golf courses and vibrant nightclubs. Townhomes on 28th is located just south of the SE corner of 28th Street & Indian School in an infill location near jobs, shopping, schools, and restaurants. The Property is near the 51 and 202 Freeways, and near the 40th/Campbell and Biltmore entertainment areas. Townhomes on 28th is located in a strong rental market and excellent area demographics with more than 307,000 people within a 5 mile radius of the property with an average household income of ±67,468. The area boasts traffic counts of ±44,118 on N 27th St/E Indian School Rd and ±41,557 on N 24th St/E Heatherbrae Dr. The Biltmore/Camelback corridor location is home to over 3.6 million square feet of “class A” office space and over 2.3 million square feet of retail space.

Lee & Associates
Bryson Fricke
(602) 956-7777

  
Ten-X, LLC
Ten-X Commercial
(800) 793-6107




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