14230 W Calavar Rd - Multi-Family FOR SALE


Surprise, AZ 85379- South Surprise
$535,000 USD
602-688-9279
14230 W Calavar Rd, Surprise, AZ for Sale
$535,000 USD
Multi-Family - FOR SALE
1/13
null | 4.28% Cap Rate

14230 W Calavar Rd
Surprise, AZ 85379
South Surprise


HIGHLIGHTS

  • 4 Bedroom / 3 Bathroom single-family rental Built in 2006 by Standard Pacific Homes
  • Approx. 1,818 SF on 6,836 SF lot Long-term tenant in place – immediate income
  • Current rent: $1,995 + $110 pet rent (below market) Projected rent: ~$2,200/month + pet rent
  • In-place cap rate: 3.65% | Pro forma: 4.28% Low-maintenance construction – concrete tile roof & stucco exterior
  • Desirable features: 2-car garage, covered patio, granite countertops Clear value-add opportunity through rental repositioning

OVERVIEW

Property Overview This well-maintained 4-bedroom, 3-bathroom single-family investment property offers a compelling combination of stable income, quality construction, and future rental upside. Built in 2006 by Standard Pacific Homes, the home features durable materials and functional design appealing to long-term tenants. The property consists of approximately 1,818 square feet and sits on a 6,836 square foot lot (0.157 acres). Additional highlights include a 2-car garage, covered patio, and granite kitchen countertops, enhancing both tenant desirability and long-term value. Currently leased to a long-term tenant, the property provides immediate income while offering the opportunity to increase rents to market levels. Property Highlights 4 Bedrooms / 3 Bathrooms Approx. 1,818 SF Built in 2006 Builder: Standard Pacific Homes Wood frame construction with painted stucco Concrete tile roof (low maintenance) Heat pump system Granite kitchen countertops Covered patio 2-car garage 6,836 SF lot (0.157 acres) Investment Summary Current Rent: $1,995/month + $110 pet rent Below-market rents with upside to ~$2,200/month RUBS income in place Long-term tenant provides stability Investment Narrative This property presents an opportunity to acquire a newer construction (2006) asset with low-maintenance features and stable tenancy already in place. The concrete tile roof, stucco exterior, and efficient systems help reduce ongoing expenses, making it an ideal hold property. With a spacious 4-bedroom, 3-bath layout, outdoor living via a covered patio, and interior upgrades such as granite countertops, the home is well-positioned to command higher rents in today’s market. The current below-market lease allows an investor to increase income over time, improving overall returns while maintaining a strong, stable asset in a desirable rental segment. Buyer to Verify all facts and figures

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

1

PRICE/UNIT

$535,000

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newer Construction Rental with Long-Term Tena

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,838 SF

ZONING

[PAD] Planned Area Develo

APN/PARCEL ID

509-17-432

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.