Price Upon Req.188,892 SF
Property tours will be available. Please contact the listing broker to RSVP and schedule a property tour.Auction.com and NGKF are pleased to present the opportunity to acquire Waterfront Apartments, a 288 unit garden style, multi-family complex located in Phoenix, AZ.The property, which was built in 1980 and renovated in 2006, consists of 14, 1-3 story buildings on 9.57 acres. As of February 28 of 2015, the property was 89.5% occupied. The unit mix consists of 216 1BD/1BA, 36 2BD/1BA, and 36 2BD/2BA. Amenities include a fitness center, clubhouse, tennis court, swimming pool and spa, two laundry facilities, covered parking and controlled access.
Marcus & Millichap is pleased to announce the opportunity to acquire Bethany at Midtown a completely renovated apartment community that boasts mid-century art deco style architecture modernized to fit the young professional tenant base the property now attracts. With over half a million dollars of renovations in 2013, Bethany at Midtown has become a go to apartment community for the urban dweller that desires the lifestyle that the properties central location provides. The property is comprised of three distinct floor plans, 8 Efficiencies, 18 one-bedroom one-bath and 14 two-bedroom one-bath floor plans. Given its location in the sought after Uptown Central Phoenix Corridor and scope of remodel, coupled with future upside potential in rental rates due to the continued strengthening of the submarket, ability to capture other income through the implantation of a RUBS program and renting vacant storage units, Bethany at Midtown provides a remarkable opportunity for immediate value along with considerable future upside potential.
17 units nearing completion consisting of 1457 sqft 3 bedroom 2.5 bath units with attached garages. This is a portion of the 38 unit Portales Townhome Condominiums Subdivision. These units will make great rentals and as an exit strategy may be sold as individual units.
$695,000Size Upon Req.
Price Reduced! Now a 12% Cap Rate with a 26% Return / 25% Down! 37 Space Mobile Home Park with Stick Built Home & Office / City Water, Sewer & Trash / 18 Park Owned Homes / 5.78 Acres +/- with Room to Expand / $125K in Recent Improvements / Great Cap Rate & Huge Upside! Additional Property: The Willcox Laundry - available at 10% Cap Rate - just $295K OWC! For a complete package contact the Broker.
$1,000,000Size Upon Req.
Mountain Quail Mobile Home and RV Park is a very clean 92 space 55+ MHRV park on city services with wide paved streets at $1,000,000 Cash or CTNL, a terrific 10.0% Cap Rate on 2014 Actuals, and an 11% Cap Rate based on the new 2015/2016 Rates. There are 39 Large 50' x 100' mobile home spaces, and 53 double-size 30' x 100' RV Spaces. 80% of the tenants are permanents or long-term returnees. The property boasts wide paved roads and 11 +/- acres, a clubhouse, laundry, showers, carwash and an owner' s mobile home. At just $10,870 per pad, there is upside in the rental rates and utility pass-thrus. The owner poured over $60,000 in capital improvements into the park in 2014 alone! Additionally, a 35 Space 55+ MHRV Park and a Cafe are available from the same owner. Call Broker before visiting the property. Contact the Broker for a complete package.
Price Upon Req.6,200 SF
Exclusively represented by ORION Investment Real Estate - Nick Miner, CCIM. Spanning two large commercial lots, the north two-story building is new, ground-up construction completed in 2013 and currently houses Bespoke Inn and Virtu restaurant. The south building was completely renovated and expanded in 2014 to include a private residence, bike shop, fitness studio and office/library. The over $3,000,000 invested is evident in the details such as the stainless steel infinity lap pool overlooking the courtyard, the chef' s garden and high-end furnishings throughout. This is the perfect opportunity for an owner/user entrepreneur or even an Investor. All appliances, fixtures and furnishings are available
$485,000Size Upon Req.
Seller will finance with $185K dn. Make offer on balance Very clean looking park despite the vacancy's . Only 6 of the 29 spaces rented. 1300 sq.ft. 3bdrn X 2 Bath house on corner 1 studio apt. Only 6 Rented= #4 $500 #6 $535 Studio Apt $450 util incl #15 $150 (manager) #27 $300 #28 #300 = $2235 monthly income. This Park has an easy upside of 11k+ a month with the purchase of newer used trailers and selling or a rent to own contract to new tenants. Expenses including Prop Taxes, Water, Sewer=$650monthly. Tenants pay gas and electric direct to the utility companies. Water is sub metered and paid to the park.
This property was very recently appraised for $950,000.00 "as is" The large house out front is listed on the Phoenix Historical Property Registry as the Colonel Conway House. This 4,536 sq. ft. 3 Bdrm x 4 Bath, two story home sits on a 40,940 sq.. ft. parcel. (Extra Parking?) There is a completely remodeled 1170 sq ft 2+2 house in the NE corner of the property. The owners invested $150,000 to rehab this home inside and out. This property is in an extremely desirable North Central Neighborhood. There are 2 homes, the primary house has a large cellar plus two fireplaces, pool, double garage with additional carport parking. This property is in an extremely desirable North Central Neighborhood. NEIGHBORHOOD PROPERTIES ARE ABOVE AVERAGE FOR THEIR VALUE RANGE.\OVERALL, THE SUBJECT IMPROVEMENTS WERE IDENTIFIED AS BEING IN AVERAGE OVERALL CONDITION. PHYSICAL DEPRECIATION, FOR THE MOST PART, APPEARS TO BE LIMITED TO DEFERRED MAINTENANCE ON THE OUTSIDE OF THE PROPERTY, INTERIOR DEFERRED MAINTENANCE IS FROM NORMAL WEAR AND TEAR
$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.