Price Upon Req.311,361 SF
Property showings will be available on Tuesday, June 16 between 9:30AM and 11:30AM local time and Thursday, June 18 between 1:30PM and 3:30PM local time. Please contact the listing agents for additional details and to RSVP. AUCTION TIMELINEJune 25, 2015 - Indicative bids due to NGKF by 2:00 PM PSTJuly 1, 2015 - Notice to Finalist Investors Proceeding to the Best & Final AuctionJuly 6, 2015 - Bidder Deposit DueJuly 23, 2015 - Best & Final Auction (Private Online Auction Involving Finalists Only)TBD - Close of EscrowAuction.com and Newmark Grubb Knight Frank are pleased to present the opportunity to acquire Monte Verde Apartments.Monte Verde Apartments is a 435-unit garden/low rise multi-family apartment complex located at 3601 East McDowell Road in Phoenix, Arizona. As of June 1, the Property was 96% occupied and offers potential investors with the opportunity to acquire a large, well-maintained multi-family apartment complex. Monte Verde, constructed in 2004, includes a total of 14 buildings, which are situated on one parcel totaling 9.09 acres in Maricopa County.
This Eastside Property is in excellent condition with nearly All Units Remodeled Recently. All Newer A/C units, Newer Kitchens, All Newer Hot Water Heaters, 8 Year Young Roofs, Lush Landscaping. Five Buildings - Four 2 story Buildings plus separate One Story Building with a Managers Office, Laundry Room, and 2 Additional Units. Great Looking Complex with no known deferred maintenance. Unit Mix = 10 Two Bedroom/Two Bath Units - 16 One Bed/One Bath Units - 1 Studio Unit. Laundry Lease has just expired - New Owner can decide which company to use or buy equipment! Storage Sheds will stay w/property. Conveniently located off of Highway 202. 2014 Rent Total $122,717.33 / NOI $88,640.21
Redevelopment Opportunity. Existing Cash Flow; Currently Operated as a Mobile Home Park, Light Rail Stop and Park & Ride at Apache Blvd & McClintock Drive, Surrounding New Developments include Grigio Metro & The Domain, Excellent Opportunity for Mixed-Use, Residential or Retail Development , Potential Assemblage.
For the qualified investor we are pleased to offer this 12 single family residential portfolio. Homes are located in the fast growing Casa Grande and Coolidge markets (9 and 3 respectively in each market). Homes are currently leased and all homes have undergone renovations since 2011. These homes are positioned to provide a good combination of current cash flow, stability and potential capital gain. With construction already begun on the Phoenix Mart center this area is poised for dramatic growth. Full financial information available by request. Homes are owned by two separate LLCs, and will require two separate offers to purchase. Please contact listing agent for details. CBRC
$250,000Size Upon Req.
Seller will carry back w/50% Dn.! Make offer on terms. Needs TLC "CASH COW" with Great Upside Potential, (5) acres (35) Spaces (1) Single Family Residence. Just 5 min from the i-10 Freeway, exit Jimmy Kerr Road. Has been in operation for decades. Live in Manager and direct bank deposits of space rents. Please do not discuss sale with On-site manager nor anyone else while at property.. Currently 6 spaces are rented @ $380 monthly including all utilities + the house is rented at $550 utilities included as well. Manager gets free rent. Total Current monthly income is $2830. Exp=Taxes-$2200, Ins.-$1200, Elect.-$500, Water $380 Maint & Misc. $350 $2830 Income Monthly $1513 Expenses Monthly Current monthly NOI $1316. Potential monthly income of $12,000.00 to $15,000.00 with new owner purchasing trailers and selling them to new tenants. The counties non conforming use permit states, 20 RV spaces and 3 mobile home lots. There are 35 mail boxes for tenants over the last 50 years.
$1,000,000Size Upon Req.
40 space all tenant owned mobile home park with 1 bedroom/1 bath cottage, 2 bedroom/1 bath home convenient for on-site manager, & laundry facility. 42 rentals all individually metered for water, gas and electric. Tenants reimburse utilities monthly to Landlord. Zoned R- 2 Non-Conforming as grandfathered Mobile Home Park! Clean Park with established tenants in the Center of Tucson. Lots of Upside Potential. Great location with solid rental income. Please do not disturb tenants or on-site manager!!
Own a piece of Route 66 history! Located along Route 66 / Andy Devine Avenue across the street from Walgreens. Nice historic apartment complex with 14 units. Great possibilities here!
Fully leased!. Attractive relatively new student 3 story housing unit (built in 2012)very, very close to Northern Az Univ. 10 lockout bedroom units, each with its own bathroom. 2 common kitchens, and 2 gathering/family rooms. Laundry room on each floor. Energy Star construction. Elevated 6' out of flood zone. Parking in the rear of building.
UNIQUE PHYSICAL CHARACTERISTICS PROVIDE SEPARATE AND DISTINCT INVESTMENT ALTERNATIVES Surrounded by an abundance of employment alternatives and numerous lifestyle conveniences, Catalina Vista enjoys a commanding position in East Tucson, just minutes from Park Place Mall and other major retail. Developed in 1971, Catalina Vista is a 50-unit apartment community that delivers comfortable interior appointments through a selection of spacious one-, two-, and three-bedroom apartment homes. With a weighted average unit size of 894 square feet, apartment interiors include a ceiling fan, kitchens equipped with frost free refrigerators, an electric range, and dishwasher. Select units include private patios or balconies. Community amenities include a swimming pool, laundry room, and serene outdoor space featuring picnic areas with barbecue grills.
$3,050,000Size Upon Req.
Idle Hours Apartments represents a unique opportunity to purchase an extremely unique site near the intersection of 16th Street and Bethany Home Road. The property consists of 28 2 Bedroom 1 Bath Units of approx. 840 Square Feet. Situated on its own cul-de-sac, the approximate 1.75 Acres of land benefits from alley access on both he north and south border as well as ample street frontage on the private cup-de-sac. Developers will look to the site for expanded land by abandoning the cul-de-sac for new high end apartment construction. However, with some exterior and interior upgrades along with more aggressive marketing, and investor could create an income close to a 6 Cap while retaining tremendous long term development potential.