1022 E Narramore Ave - Apartments FOR SALE


Buckeye, AZ 85326- West Valley
$16,500,000 USD
602-714-1283
1022 E Narramore Ave, Buckeye, AZ for Sale
$16,500,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1022 E Narramore Ave
Buckeye, AZ 85326
West Valley


HIGHLIGHTS

  • 80 Total Units (Condo Mapped), Completed in 1986
  • 50% Two-Bedroom / Two-Bathroom & 50% One-Bedroom / One-Bathroom Unit Types
  • All Units With Washer / Dryer Hookups & Extra Storage Closet
  • Value-Add Opportunity (Interior, Exterior, & Common Areas)
  • Located in the City of Buckeye, AZ - Fastest Growing City in the U.S. (Over the Last 5 Years)
  • Offered All Cash / New Loan or Assumption of Existing Loan

OVERVIEW

The Village at Camelot Apartments is an 80-unit, garden-style apartment community in Buckeye, Arizona. Built in 1986, the property consists of four rental buildings resting on a 3.46-acre site. The unit mix consists of 40 one-bedroom / one-bathroom units and 40 two-bedroom / two-bathroom units with a weighted average of 785 square feet. The property is individually metered for electricity and all units include washer / dryer hookups in addition to extra storage closets. Interior amenities include air conditioning / heating, walk-in closets, ceiling fans (in all bedrooms and majority of living rooms), high speed internet access in addition to fully equipped kitchens with refrigerator, oven / stove, dishwasher, garbage disposal, and pantry. Community amenities include a dedicated rental office, swimming pool, laundry facility, barbecue grills and picnic area, large courtyard, and open / covered parking. The property is situated on the northwest corner of East Narramore Avenue and East MC 85 in close proximity to a multitude of major transportation corridors such as the Papago Freeway (Interstate-10), South Oglesby Road (State Route-85), Bob Stump Memorial Parkway (Loop-303), Union Pacific Railroad, and the Buckeye Municipal Airport. Positioned in a prime location between the city of Phoenix, California, and Mexico, Buckeye is strategically placed to service logistics and the transportation of goods for all three markets. The city of Buckeye has implemented and benefited from a variety of pro-growth policies such as an implementation of a Foreign Trade Zone in addition to Opportunity Zone development policies priming the area for significant future growth. A variety of manufacturing firms have begun development of facilities in the City of Buckeye such as KORE Power with a battery cell manufacturing facility and Rehrig Pacific a manufacturer of supply chain solutions relocating their operations facility into a new 260,000 square foot facility. Additional significant employers include a multitude of logistics and distribution hubs for major big box firms such as Walmart, Five Below, Ross, Funko LLC, and Cardinal Glass Industries in addition to the Buckeye Municipal Airport.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

80

PRICE/UNIT

$206,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village at Camelot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.46 AC

LAND SF

150,543 SF

ZONING

C-2, Buckeye

APN/PARCEL ID

400-16-005K,400-16-008,400-16-009,400-16-010,400-16-011,400-16-012,400-16-013,400-16-014,400-16-015,400-16-016,400-16-017,400-16-018,400-16-019,400-16-020,400-16-021,400-16-022,400-16-023,400-16-024,400-16-025,400-16-026,400-16-027,400-16-028,400-16-029,400-16-030,400-16-031,400-16-032,400-16-033,400-16-034,400-16-035,400-16-036,400-16-037,400-16-038,400-16-039,400-16-040,400-16-041,400-16-042,400-16-043,400-16-044,400-16-045,400-16-046,400-16-047,400-16-048,400-16-049,400-16-050,400-16-051,400-16-052,400-16-053,400-16-054,400-16-055,400-16-056,400-16-057,400-16-058,400-16-059,400-16-060,400-16-061,400-16-062,400-16-063,400-16-064,400-16-065,400-16-066,400-16-067,400-16-068,400-16-069,400-16-070,400-16-071,400-16-072,400-16-073,400-16-074,400-16-075,400-16-076,400-16-077,400-16-078,400-16-079,400-16-080,400-16-081,400-16-082,400-16-083,400-16-084,400-16-085,400-16-086,400-16-087

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.