602-714-1283
5421 W Indian School Rd, Phoenix, AZ for Sale
Apartments - FOR SALE
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5421 W Indian School Rd
Phoenix, AZ 85031
Maryvale


HIGHLIGHTS

  • 200 Total Units, Completed in 2001
  • All Three-Bedroom / Two-Bath (28%) & Two-Bedroom / Two-Bath Units Types (72%) With a Weighted 997 SF Average
  • 166 of 200 Units Renovated (83%)
  • All Units Equipped With Washer / Dryer
  • Offered All Cash / New Loan or Recapitalization Opportunity
  • Available Individually or With Morada Rise Apartments (Sister Property ~1.5 Miles Away)

OVERVIEW

Morada Grande is a 200-unit, fully gated garden-style apartment community in the Far West submarket of Phoenix, Arizona. Built in 2001, the property consists of 24 two-story rental buildings constructed of wood frame, stucco, and pitched composition shingle roofs resting on an approximately 9.96-acre site. The property is situated just miles from the Westgate Sports and Entertainment District and are in close proximity to a multitude of major transportation corridors such as the Papago Freeway (Interstate-10), Agua Fria Freeway (Loop 101), Grand Avenue (Highway 60), and the South Mountain Freeway (Loop 202). The unit mix consists of 144 two-bedroom / two-bathroom units and 56 three-bedroom / two-bathroom units with a weighted average of 997 square feet. The property is individually metered for electricity and water. All units include air conditioning / heating, washer / dryer appliances, Nest smart thermostats, vaulted ceilings, walk-in closets, private patio / balcony, additional storage, and kitchens equipped with refrigerator, microwave, dishwasher, and garbage disposal. Select units have been upgraded with quartz countertops, vinyl wood flooring, and stainless steel appliance packages. Community amenities include a dedicated rental office, swimming pool, spa, fitness center, dog park, barbecue grills / picnic areas, gated entry, and open / covered parking. Significant employers in proximity to the property include a multitude of logistic services along Grand Avenue such as the BNSF Intermodal Facility and Sprouts Farmers Market Distribution Warehouse, retail centers such as Westgate and Desert Sky Mall, and educational institutions including Grand Canyon University, ASU West, and the Glendale Community College network. Furthermore, across the I-10 to the south of the property are numerous distribution hubs for major companies which include: Amazon, O’Reilly Auto Parts, UPS, Target, Autozone, Winco, GAP and DHL.

FOR SALE DETAILS

PRICE

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# OF UNITS

200

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morada Grande

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

343

LAND DETAILS

LAND ACRES

9.96 AC

LAND SF

433,858 SF

ZONING

R-5

APN/PARCEL ID

103-08-212

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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