1645 E Cheery Lynn Rd - Apartments FOR SALE


Phoenix, AZ 85016- Encanto
$6,386,000 USD
602-570-9442
1645 E Cheery Lynn Rd, Phoenix, AZ for Sale
$6,386,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1645 E Cheery Lynn Rd
Phoenix, AZ 85016
Encanto


OVERVIEW

JLL is pleased to introduce the Halcyon 2-Pack, an 18-unit and 14-unit townhome community located in the prominent Encanto Village neighborhood in Phoenix, Arizona. The Properties feature 100% spacious three-bedroom floor plans, each featuring 2.5 to 3 bathrooms, with an average unit size of 1,708 square feet. The units feature luxury finishes including quartz kitchen islands and countertops, stainless-steel appliances, wood styled vinyl plank flooring, white shaker cabinetry, private patios/balcony’s, oversized walk-in closets, and in-suite washers and dryers. Additionally, each unit features a two-car direct access garage. The Halcyon 2-Pack is located within the Encanto Village neighborhood, within proximity to exciting amenities, renowned schools, and adjacent to the Phoenix Children’s hospital. The Halcyon 2-Pack provides a compelling investment opportunity to buy newly delivered Class A townhome assets within a high barrier to entry location. The Halcyon on Cheery Lynn offers attractive assumable financing at 3.52% due in 5-Years. The offering may be purchased individually or as a portfolio with Halcyon on 18th (3301 N 18th St, Phoenix, AZ 85016).

FOR SALE DETAILS

PRICE

$6,386,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

14

PRICE/UNIT

$456,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Halcyon on Cheery Lynn

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-3

APN/PARCEL ID

119-32-148,119-32-149,119-32-150,119-32-151,119-32-152,119-32-153,119-32-154,119-32-155,119-32-156,119-32-157,119-32-158,119-32-159,119-32-160,119-32-161

ASK ABOUT THIS PROPERTY

602-570-9442

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602-570-9442

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