The Property
What an opportunity to own two fourplexes – Construction is still underway and completion should be in April of this year. There is 12717 W Amy that is also available to complete the package.
Stackable Washer and Dyers have been added along with stainless appliances. Dual pane windows along with new roof and new air-conditioners.
The Unit mix is as follows:
2-Two bedroom 2 bath-rents $1595.00
2-Two bedroom 1 bath-rents 1495.00
MANY MANY more upgrades. In this market many investors will write the contract and wait for the completion knowing that the good product is here!
There is a completed building that has been finished is SOLD and currently has proven rents of $1,495 per door.
Buyer to verify all facts and figures.
Construction Update 5-19-2022
4-20-2022 Construction Update
As we filmed the exerior of the building was being prepped for painting.
The Private Backyards are completed as well as the new parking lot.
Video Update 3-10-2022
The exterior block work is now completed as of 3/13/2022.
All doors have been replaced along with all windows.
Progress while underway, will seem like it is moving more quickly from here on out.
Construction Progress 2-11-2022
Completely demoed and the new roof has been installed along with new air-conditioners! Progress is happening. At this stage of the game it always appears slow but the beauty is that this will pick up speed as soon as the windows arrive which will be shortly.
Virtual Tour-As the construction continues this video will be updated
Location
What’s it like to live-and-play in a city named Surprise? Well, pardon the cliché but it’s full of surprises!
The sprawling suburban city is located in the northwest Phoenix Metropolitan area, just 45 minutes from Downtown Phoenix and the Sky Harbor International Airport.
Residents and visitors enjoy the small-town feel with big-city amenities that only Surprise can offer. From community celebrations, art galleries and cultural experiences, to regional festivals, our multigenerational city has something for everyone.
Surprise is home to the southwest’s largest tennis and racquet complex, professionally designed golf courses, an urban fishing lake and aquatic centers.
Each spring, the population explodes after welcoming the Kansas City Royals and Texas Rangers during the Cactus League Spring Training! Voted 2018’s Number 1 Spring Training Stadium in Arizona by USA Today*, Surprise Stadium offers the ultimate baseball fan experience complete with up-close and personal interactions with your favorite major leaguers!
The stadium hosts minor league teams, national high school and college baseball tournaments, USA Professional Baseball teams, events and more during the Major League Baseball regular season.
Surprise is bounded by the expansive White Tank Mountain range to the west and the beautiful Sonoran Desert and Lake Pleasant Regional Park to the north. Outdoor enthusiasts will enjoy that hiking, fishing and camping are within a 20-minute drive when living-in or visiting Surprise.
Suprise’s contiguity to the Phoenix Metropolitan area provides residents and visitors opportunities to experience all that a bustling metropolis has to offer including world-renowned shopping and dining, concert and sports venues, theatres, adventure excursions and more!
Plus, Surprise’s proximity to scenic cities like Sedona, Prescott and Flagstaff, the always-open city of Las Vegas, Nevada, and the beaches and mega-metropolises in California mean that day-trips and weekend getaways are a road trip reality!
Sale Price
Gross Operating Income
Operating Expenses
Net Operating Income
Cap Rate
Offering Memorandum
Check out the one page flyer
The offering Memorandum is coming soon
Property Photos-will be updated as work progresses-really ugly right now
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