5112 N 28th Dr Phoenix AZ 85017-Triplex SOOO Close to Grand Canyon University $795,000

Prime Investment Opportunity: Triplex at 5112 N 28th Dr, Phoenix – Next to Grand Canyon University – $795,000

The Property

Discover Investment Potential Next to Grand Canyon University

Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction.

Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round.

Currently, the property enjoys full occupancy, reflecting its appeal and stable income potential. This high-demand location ensures a steady flow of prospective tenants, making it a strategic addition to any investor’s portfolio.

Don’t miss out on this prime opportunity to capitalize on the thriving rental market near Grand Canyon University. Whether you’re expanding your investment portfolio or seeking a reliable income stream, 5112 N 28th Dr promises exceptional returns and long-term value.

Disclaimer: All repairs and property details subject to verification. Potential buyers advised to conduct their own due diligence.

Virtual Tour-Coming Soon

If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?

Location

Grand Canyon University (GCU) is located in Phoenix, Arizona, at 3300 W Camelback Rd, Phoenix, AZ 85017. Situated in the heart of the city, the university is easily accessible from major highways and is just a short drive from downtown Phoenix, Sky Harbor International Airport, and the bustling business districts of the Valley.

Surrounding Area & Community

GCU’s campus is in a growing urban area with a mix of residential neighborhoods, shopping centers, and local businesses. The area has seen significant development in recent years, with new housing, dining, and entertainment options catering to students, faculty, and visitors.

Accessibility & Transportation

Highway Access:

The university is near Interstate 17 (I-17), making it convenient for commuting students and faculty.

Public Transit:

Several Valley Metro bus routes serve the area, and the planned expansion of Phoenix’s light rail system will improve connectivity.

Airport Proximity:

Sky Harbor International Airport is approximately 20 minutes away, providing easy travel options for out-of-state students.

Nearby Amenities

Dining & Shopping:

The area offers a range of fast food, casual dining, and grocery stores. Popular spots include Westgate Entertainment District (about 20 minutes away) for restaurants, shopping, and nightlife.

-Recreation & Parks:

Nearby parks such as Washington Park and Cortez Park offer outdoor spaces, while the GCU Golf Course is a major attraction for golf enthusiasts.

Healthcare Facilities:

Several hospitals and clinics are within a short drive, including Abrazo Central Campus and Banner – University Medical Center Phoenix**.

Real Estate & Investment Potential

The neighborhoods around GCU have been undergoing revitalization, making the area attractive for real estate investors. With a steady influx of students and faculty, there is a strong demand for rental housing, including apartments, single-family homes, and student housing developments.

$795,000

Sale Price

To Come

Projected Effective Income

$8,059

Operating Expenses

Net Operating Income

To Come

Cap Rate

$795,000

Sale Price

$38,412

Actual Effective Income

$8,059

Operating Expenses

Net Operating Income

To Come

Cap Rate

Offering Memorandum and Marketing Flyer

To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.

Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.

If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.

Thank you for considering our investment opportunity, and we hope to hear from you soon!

One Page Flyer Offering Memorandum