Flower Apartments 22-Units

Transcription

1 PROPERTY SUMMARY Flwer Apartments 22-Units 3208 E. Flwer St. Phenix, AZ PRICE: $2, LOWER ARCADIA/BILTMORE! 2-BATH UNITS! NUMBER OF UNITS: 22 RENOVATED UNITS WITH UPSIDE SURROUNDED BY REDEVELOPMENT UNIT PRICE: $131,595 TWO STORY, PITCHED ROOFS INDIVIDUALLY METERED ELECTRIC PROFORMA CAP: 5 % COMMUNITY POOL GATED ENTRY GPCImultifamily.cm MARK SKELPSA APARTMENT SPECIALIST TERRY KASS CCIM, CPM

2 AREA INFORMATION The Flwer Apartments is a 22-unit cmmunity in the heart f the lwer Arcadia/Biltmre neighbrhd, ne f the mst sught after areas in Phenix. Tenants enjy intimate access t the best Phenix and Scttsdale restaurants and nightlife. It has a great mix f 1 & 2- bedrm units, with a washer/dryer in each unit. Amenities include a cmmunity swimming pl and gated entry. Apprximately half f the units have been renvated, with the remainder as value-add pprtunity fr the new wner. Additinally, back yards can be added n select units fr further upside. The prfrma reflects rents already achieved! GPCImultifamily.cm

3 PROPERTY SUMMARY PROPERTY DESCRIPTION PARCEL UTILITIES NUMBER OF UNITS 22 NUMBER OF PARCELS 1 HVAC Individual HVAC YEAR BUILT 1986 TAX NUMBER PARCELS ELECTRICITY 25 Units Individually Metered NET RENTABLE SF 16,018 ZONING R-4 WATER/SEWER Master Metered NUMBER OF BUILDINGS ASSESSED PROPERTY TAX $5,817 GAS NA NUMBER OF STORIES 2 PARCEL SIZE 0.7 Acres PARKING 25 Uncvered LAUNDRY In Suite CONSTRUCTION Frame ROOFS Pitched Shingle GPCImultifamily.cm

4 FINANCIAL SUMMARY GPCImultifamily.cm

5 PHOENIX METRO ECONOMIC 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 #9 Best Place T Retire #3 Fastest Grwing City #10 Mst Fiscally Fit City #12 Best City T Live And Wrk Expectatin Frbes Bankrate.cm Frbes Sperling s Best Places Rbert Half GPCImultifamily.cm

6 PHOENIX LIGHT METRO RAIL ROUTES CENTRAL TER GPCImultifamily.cm

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 (i. inspectin, tax, title, legal, engineering, architectural, gvernmental, etc.) GPCImultifamily.cm MARK SKELPSA APARTMENT SPECIALIST TERRY KASS CCIM, CPM