12600 N 113th Ave - Apartments FOR SALE


Youngtown, AZ 85363
$20,500,000 USD
602-570-9442
12600 N 113th Ave, Youngtown, AZ for Sale
$20,500,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

12600 N 113th Ave
Youngtown, AZ 85363


HIGHLIGHTS

  • Premium Interior Finishes and Community Amenities
  • Exceptional Nearby West Valley Amenity Base and Healthy Submarket Fundamentals
  • Opportunity to Acquire a Newly Built Asset at a Favorable Basis

OVERVIEW

JLL is pleased to introduce Youngtown Flats, a 104-unit apartment community located in Youngtown, Arizona. The Property contains both office to multifamily converted units as well as newly constructed units in 5 buildings. Youngtown Flats sits on 3.04 acres consisting of attractive, low-maintenance landscaping. Both the converted and newly built units contain premium finishes including vinyl-plank wood flooring, stainless-steel appliances, quartz countertops, subway tile backsplash, white-shaker cabinetry, brushed nickel hardware, and floor-to-ceiling shower tile. Future ownership will receive the benefits of owning a newly built asset while still having the opportunity to add value in the form of washer & dryer installations. Currently at the Property, only 10 units feature in-unit washers & dryers and receive a $75/unit premium. Youngtown Flats presents a compelling opportunity to acquire a thoughtfully designed 2023-built property at an attractive basis, 60% below where newly delivered multifamily assets have traded year-to-date.

FOR SALE DETAILS

PRICE

$20,500,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

104

PRICE/UNIT

$197,115

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Youngtown Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,494 SF

ZONING

C-N

APN/PARCEL ID

200-85-003T

ASK ABOUT THIS PROPERTY

602-570-9442

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602-570-9442

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