Las Casitas 30-Units 801 S. 17 th Ave. Phoenix, AZ 85007
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1 Las Casitas 30-Units 801 S. 17 th Ave. Phenix, AZ PRICE: $1,100,000 HISTORIC STATE CAPITAL LOCATION NEW PLUMBING, ELECT, HVAC NUMBER OF UNITS: 30 HIGH OCCUPANCY PATH OF DEVELOPMENT UNIT PRICE: $36,667 INTERIOR & EXTERIOR REHAB CLOSE TO EMPLOYERS CAP RATE: 7% / 10% LAUNDRY INCOME INDIVIDUAL CARPORTS Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
2 PROPERTY SUMMARY PROPERTY DESCRIPTION PARCEL UTILITIES NUMBER OF UNITS 30 NUMBER OF PARCELS 1 HVAC Individual Wall-Munted HVAC YEAR BUILT 1947 TAX NUMBER PARCELS A ELECTRICITY 25 Units Individually Metered NET RENTABLE SF 10,624 ZONING C-2 WATER/SEWER Master Metered NUMBER OF BUILDINGS ASSESSED PROPERTY TAX $2,861 GAS 25 Units Individually Metered NUMBER OF STORIES 1 PARCEL SIZE 1.3 Acres PARKING 24 Cvered, 8 Uncvered LAUNDRY On-site,Leased CONSTRUCTION Blck ROOFS Pitched Tile
3 FINANCIAL SUMMARY
4 AREA INFORMATION An histric mneymaker, Las Casitas is situated just blcks frm the State Capitl cmplex in Dwntwn Phenix! Dn't miss this pprtunity t purchase a fully rehabbed cmplex f charming bungalws. Mst units have their wn cvered carprt, and an nsite laundry brings additinal incme. Take advantage f seller financing! This blck cnstructed prperty is lw maintenance and bulletprf with cncrete flrs, desert landscaping, new HVAC, rfs, electric, and plumbing. The prfrma reflects rents already achieved! Fr rent upside, simply cntinue the current prgram t transitin the remaining tenants t tenant-pay utilities.
5 Phenix Metr Ecnmic Highlights Phenix, Arizna s capital, is the sixth largest city in the United States with just ver fur millin residents. As ne f the fastest grwing regins in the natin, Greater Phenix represents apprximately 75 percent f the state s ecnmy. Arizna s favrable business climate and clse prximity t majr markets create an advantageus perating envirnment fr cmpanies lking t expand r relcate t the regin. The vibrant grwth f the Phenix Metr area has utpaced U.S. ppulatin grwth fr the past 21 years and is ne f ten U.S. markets expected t see mst f the natin s grwth ver the next 40 years. In fact, the Phenix Metr is expected t grw t 6.3 millin by Greater Phenix is als the sixth yungest metrplitan regin in the natin. The regin s median age f 34.7 is yunger than that f Denver, Ls Angeles, Las Vegas, San Francisc. Business services and turism make up ver 75% f the ecnmy in Phenix. In additin, the Metr area ffers a strng, established health care and life sciences industry, with sme f the natin s majr players such as May Clinic, Scttsdale Healthcare, Banner Healthcare, lcated here. Jbs in the health care field are grwing three times faster than the natinal average. Additinally the Metr is hme t majr emplyers such as: Intel, State Farm, American Express, Wells Farg, PayPal, and Orbital ATK. Nearly 32,000 jbs in the area are in high-tech manufacturing, develpment, engineering, and research and design. Manufacturing is als a majr cmpnent f the emplyment base. Phenix Sky Harbr Internatinal Airprt served mre than 44 millin passengers in 2015, making it the ninth busiest airprt in the U.S. and amng the tp 25 in the wrld. #1 In Jb Grwth Expectatin #9 Best Place T Retire #3 Fastest Grwing City #10 Mst Fiscally Fit City #12 Best City T Live And Wrk Frbes Bankrate.cm Frbes Sperling s Best Places Rbert Half Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
6 PHOENIX METRO LIGHT RAIL ROUTES CENTRAL TER
7 DISCLAIMER: All prperty infrmatin, either written r verbal, is prvided withut representatin r warranty as t cmpleteness, veracity, accuracy, cnditin f the prperty, regulatry cmpliance, feasibility, r prjected financial perfrmance f the prperty. All data and assumptins regarding financial perfrmance, including that prvided fr financial mdeling purpses, may differ frm actual data. Yu are strngly urged t verify all infrmatin and t btain third party prfessinal cunsel regarding all matters (ie. inspectin, tax, title, legal, engineering, architectural, gvernmental, etc.) Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
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