2016 W Orangewood Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Phoenix
$4,350,000 USD
602-432-2793
2016 W Orangewood Ave, Phoenix, AZ for Sale
$4,350,000 USD
Apartments - FOR SALE
1/13
null | 4.48% Cap Rate

2016 W Orangewood Ave
Phoenix, AZ 85021
North Phoenix


HIGHLIGHTS

  • Built in 2017, rare for a smaller apt community
  • 4%, $2,350,000 Interest-only, assumable loan
  • Large units – all with Washer/Dryers
  • Balconies or patio backyard
  • Covered parking – convenient pool
  • Strong occupancy – below market rents

OVERVIEW

Macallister is a 2017 built, 24-unit, apartment community located in a quiet, central Phoenix neighborhood with a 4%, Interest-only assumable loan. Each of the studio, one-bedroom and two-bedroom, two-bath units are larger than normal. The attractive interiors have granite counter tops, stainless steel appliances, wood-vinyl flooring and in-unit washer dryers. Exterior includes a conveniently located fenced pool, covered parking and attractive, mature landscape. Upstairs units have sizeable balconies and the lower units back to a patio.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

24

PRICE/UNIT

$181,250

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Macallister Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,759 SF

ZONING

R-4

APN/PARCEL ID

157-19-140

ASK ABOUT THIS PROPERTY

Rick KehmColdwell Banker CommercialMore Info
602-432-2793

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Rick KehmColdwell Banker CommercialMore Info
602-432-2793

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