DEVERON APARTMENTS 4120 N. 45 th Place Phenix, AZ 85018 PRICE: $1,890,000 CENTRAL ARCADIA LOCATION COVERED RESERVED PARKING NUMBER OF UNITS: 10 URBAN FULL REMODEL NEWER ROOF UNIT PRICE: $189,000 VIEWS OF CAMELBACK MOUNTAIN BEAUTIFUL FRONT COURTYARD CAP RATE: 5.27% LAUNDRY ROOM INCOME INDIVIDUALLY METERED ELECTRIC www.gpcimultifamily.cm MARK SKELPSA Apartment Specialist 480.430.5752 Mark.Skelpsa@GPCIMultfamily.cm TERRY KASS CCIM, CPM 602.703.5277 Terry.Kass@GPCIMultfamily.cm
PROPERTY SUMMARY PROPERTY DESCRIPTION PARCEL UTILITIES NUMBER OF UNITS 10 NUMBER OF PARCELS 1 HVAC Rf Munted YEAR BUILT 1960 TAX NUMBER PARCELS 171-42-102 ELECTRICITY Individually Metered NET RENTABLE SF 7,718 ZONING Cunty M-H, City R-4 WATER/SEWER Master Metered NUMBER OF BUILDINGS 1 2016 ASSESSED PROPERTY TAX $3,450 GAS Individually Metered NUMBER OF STORIES 2 PARCEL SIZE.38 Acres PARKING 10 cvered/street Parking LAUNDRY Onsite CONSTRUCTION Blck ROOFS Cmp Shingle www.gpcimultifamily.cm
FINANCIAL SUMMARY www.gpcimultifamily.cm
AREA INFORMATION What an pprtunity! - A cmpletely renvated apartment cmplex in the prestigius Arcadia District f Phenix! The cmplex has cmpletely renvated interir units, including flrs, fixtures, appliances, cabinets, etc., and a renvated exterir, including all new windws and a newer rf. There are simply n investment pprtunities f this caliber in this highly sught after neighbrhd. It has a great mix f units, including ne 3-bedrm/1.5-bath, fur 2-bedrm/1.5- baths, and five 1-bedrm/1-bath units. Achieved rents are utstanding! www.gpcimultifamily.cm
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 2030. 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 TERRY KASS CCIM, CPM 602.703.5277 Terry.Kass@GPCIMultfamily.cm MARK SKELPSA 480.430.5752 Mark.Skelpsa@GPCIMultfamily.cm www.gpcimultifamily.cm
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.) TERRY KASS CCIM, CPM 602.703.5277 Terry.Kass@GPCIMultfamily.cm MARK SKELPSA 480.430.5752 Mark.Skelpsa@GPCIMultfamily.cm