8655 E. Via De Ventura, Ste# G-200 Scottsdale, AZ 85258 480 922 2433 Ph 480 922 2434 Fax For Sale - ±3.36 Acre Multi-Family Land $841,000 Zoned R-3 14+ Units Per Acre Camelback East, Phoenix 1849 & 2015 N. 50th St., 2002 & 2012 N. 51st St., Phoenix AZ 85008 To View Our Current Listings, Please Visit Our Website At: www.suncommercialre.com Exclusively listed by: Sun Commercial Real Estate, Inc.: Scottsdale, Arizona 480 922 2433 Ph Michael T. Brazill Paul Miachika Cathy Jones, CCIM, CPA MikeB@suncommercialre.com PaulM@suncommercialre.com CathyJ@suncommercialre.com
SUN COMMERCIAL REAL ESTE,, INC. ONFIDENTIALITY & D CONFIDENTIALITY, I & DISCLOSURE SUN COMMERCIAL REAL ESTE,, INCI NC. (the Broker ) has been retained on an exclusive basis to market the property described herein (the Property ). Broker has been authorized by the Seller of the Property (the Seller ) to prepare and distribute the enclosed information (the Material ) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones President cathyj@suncommercialre.com
Table of Contents Property Overview Property Summary Property Photos Section 1 Property Location Phoenix Location Map Assessor Parcel & Aerial Maps Section 2 Market Review Phoenix MultiFamily Trend Data Area Demographics Section 3 The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc., makes no guarantees, warranties or representations as to the completeness and accuracy thereof. The presentation of this property is subject to error, omissions, change of price or conditions without notice.
PROPERTY SUMMARY LOCION DESCRIPTION: The property is located between North 50th St. from civic addresses 1849 & 2015 North 50th St, and North 51st St. at civic address 2002 & 2012 North 51st St, Phoenix Nevada 85008. The Property is less than a mile and half north of the AZ-202 Loop, providing easy access to Sky Harbor International Airport, downtown Phoenix and Scottsdale. The area of the property is predominantly occupied by a mix of single and multi-family homes. As of 2014, there were 112,707 residents within a 3-mile radius with an average household income of $54,308. PROPERTY DESCRIPTION: The property consists of six (6) R-3 Zoned land parcels totaling approximately 3.36 Acres (146,205 SF). The land is level and previously developed with no existing structures other than several foundation remnants. The R-3 zoning allows for multi-family home development of as many as 48 dwellings on the total lot area (3,000 SF per dwelling). ASSESSOR PARCEL NUMBERS: 126-20-050-B, 126-21-006-C, 126-21-008-B, 126-21-008-D, 126-21- 008-E, 126-21-008-F SITE SIZE - ACRES: +/- 0.79 Acres Parcel 126-20-050-B +/- 0.92 Acres Parcel 126-21-006-C +/- 0.15 Acres Parcel 126-21-008-B +/- 0.15 Acres Parcel 126-21-008-D +/- 0.84 Acres Parcel 126-20-008-E +/- 0.50 Acres Parcel 126-20-008-F +/- 3.36 Acres Total SITE SIZE - SF: +/- 146,205 SF ZONING: (R-3) Multi Family Residential Maricopa County FRONTAGE: 280.69 Feet Along 50th Street 138.87 Feet Along 51st Street TRAFFIC COUNT: On McDowell Rd., W of 51st St. - 39,400 cars per day LIST PRICE: $841,000
PROPERTY PHOTOS
PHOENIX LOCION MAP
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