2834 N 19th Ave - Apartments FOR SALE


Phoenix, AZ 85009- Encanto
$3,000,000 USD
480-425-5529
2834 N 19th Ave, Phoenix, AZ for Sale
$3,000,000 USD
Apartments - FOR SALE
1/35
null | 6.37% Cap Rate

2834 N 19th Ave
Phoenix, AZ 85009
Encanto


HIGHLIGHTS

  • New build construction with modern finishes
  • Brand new appliances included
  • Private fenced yard for added privacy and security
  • 2-car garage with secure, off-street parking
  • Easy access to community events, nightlife, and the Roosevelt Row Arts District
  • Just minutes to Encanto Golf Course and Encanto Park – one of Phoenix’s largest green spaces

OVERVIEW

A TRUE Investor Special, a much desired short sale opportunity for these brand new townhomes overlooking the Encanto Golf Course! What should have cost around $3.5m or $585k/unit to build with all costs included ended up costing $4.5m due to some delays encountered with getting the project fully built. The projected sale price was $4m at the time the project was consummated. Take advantage of this excellent opportunity to buy these townhomes at less than it would cost to build them. Call for offers April 15, 2025 when offers will be submitted to the bank. This brand-new boutique townhouse community features six separate units, each individually metered, with shared common areas and a private drive. Located directly across from Encanto Golf Course, this community offers a prime setting with scenic views and easy access to outdoor recreation. The four interior units are 3-bedroom, 3.5-bathroom homes featuring rooftop decks and two-car garages with 2,110 SF each. The two exterior units (the most northern and most southern) are 3-bedroom, 2.5-bathroom homes, each 1,683 SF., also with two-car garages. Currently, two of the larger units are fully furnished and operating as Airbnbs, while two smaller units have long-term tenants in place at $2,700/month. The remaining two units are vacant, offering flexibility for sale, rental, or personal use. Owner had interested tenants in the past at $3,500/month. Both unit types feature living areas, kitchens, and garages on the first floor, with bedrooms and laundry on the second floor. The larger units also include an additional primary suite on the third floor, with access to a private rooftop deck with beautiful views overlooking the Encanto Golf Course and Downtown Phoenix.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

6

PRICE/UNIT

$500,000

CAP RATE

6.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Encanto Row 6

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,180 SF

ZONING

-

APN/PARCEL ID

110-44-104,110-44-105,110-44-106,110-44-107,110-44-108,110-44-109,110-44-110,110-44-111

ASK ABOUT THIS PROPERTY

Carrick SearsSVN | Desert Commercial AdvisorsMore Info
480-425-5529

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Carrick SearsSVN | Desert Commercial AdvisorsMore Info
480-425-5529

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