1727-1741 W Mountain View Rd - Apartments FOR SALE


Phoenix, AZ 85021- North Mountain
$2,960,000 USD
623-533-1746
1727-1741 W Mountain View Rd, Phoenix, AZ for Sale
$2,960,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

1727-1741 W Mountain View Rd
Phoenix, AZ 85021
North Mountain


HIGHLIGHTS

  • A 2-story, 16-unit multifamily opportunity located within the heart of the North Mountain Submarket in Phoenix
  • Built in 1985 and fully renovated in 2019-2021 both inside and out leaves an excellent operational value-add for future ownership
  • Complex-wide has seen improvements such as repaved parking lot, remote security cameras, and BBQ for tenants to enjoy

OVERVIEW

Mountain View Apartments is a 2-story, 16-unit multifamily opportunity located within the heart of the North Mountain Submarket in Phoenix. Built in 1985 and fully renovated in 2019-2021 both inside and out leaves an excellent operational value-add for future ownership. The property includes 100% spacious 2bedroom/1bath units catering to a wide range of tenants. Units benefit from modern wood-look tile flooring, white kitchen cabinets and vanities, granite countertops, stainless steel appliances, contemporary fixtures, in-unit washer and dryers and dual pane windows. Complex-wide has seen improvements such as repaved parking lot, remote security cameras, and BBQ for tenants to enjoy. UNIT IMPROVEMENTS - 2020 • Dual pane windows • HVAC systems with Air Handlers • 4 systems completed in 2018-2019 • 12 systems completed in 2020 • Upgraded Water Heaters • Full-Sized Washer & Dryer inside unit • Tile Flooring • Additional sub-flooring on 2nd story units • Full-sized Stainless Steel Appliances • Addition of Dishwasher & Disposal • Upgraded Kitchen Cabinetry & Hardware • Granite Countertops • New Tubs and Shower Surrounds • Bathroom Vanity w/Granite Countertops • Fresh Neutral Paint Throughout • Ceiling Fans in Bedrooms and Living Rm • Upgraded Plumbing • New Decora switches and outlets • Front door replacement w/Hardware • Upgraded Electrical • Interior Door Replacements and Trim • Vinyl Blinds Throughout EXTERIOR IMPROVEMENTS • Parking Lot Repainted - 2019 • Remote Security System - 2019 • Exterior Paint - 2019 • Exterior LED Lighting - 2019 • Shingle Roof Replacement - 2019 • Community BBQ Area - 2020

FOR SALE DETAILS

PRICE

$2,960,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

16

PRICE/UNIT

$185,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,000 SF

ZONING

M-H, R-4, Phoenix

APN/PARCEL ID

158-21-067

ASK ABOUT THIS PROPERTY

Colt SilerORION Investment Real EstateMore Info
623-533-1746

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Colt SilerORION Investment Real EstateMore Info
623-533-1746

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