4150 N 12th St - Apartments FOR SALE


Phoenix, AZ 85014
$3,000,000 USD
602-344-9258
4150 N 12th St, Phoenix, AZ for Sale
$3,000,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

4150 N 12th St
Phoenix, AZ 85014


HIGHLIGHTS

  • Located in the Heart of Central Phoenix, Just Over a Mile to the Nearest Light Rail Station
  • Just Over 2 Miles to Biltmore Fashion Park in One Direction & the Famed 7th Street Restaurant Row in the Other
  • Fully Approved Plans for (44) One-Bedroom Units, With Approved Revised Site Plan For (52) Units & Full Construction Drawings Ready for Submittal to In
  • Each Unit is Planned for Interior Washers / Dryers & Large Walk-In Closets
  • Surface Parking & Wood-Frame Construction to Help Keep Costs Reasonable
  • Less Than a Mile to the 51 Freeway Entrance

OVERVIEW

Zoe Apartments is a fully approved, permit ready, prime development opportunity in the heart of Central Phoenix. The property is located just north of Indian School on 12th Street in the heart of the city in close proximity to where a ton of development activity is happening. It is just over 2 miles to the Biltmore Fashion Park in one direction and the famed 7th Restaurant Row in the other. It is just over a mile to the nearest light rail station at Central and Indian School, and less than a mile to the 51 Freeway, giving residents access to all parts of the city within minutes. This location is as central as it gets and allows residents to enjoy so much of what all parts of Phoenix has to offer with ease. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic opportunity in an amazing, central location. Zoe Apartments is a fully approved project featuring 44 and up to 52 well-planned one-bedroom units in a cool, midcentury building in the heart of Phoenix. The project was initially approved as 44 units, including construction drawings. Subsequently, a revised site plan was approved to increase the unit count to 52, and the site prep completed was done to accommodate the 52 unit plan. Full construction drawings for the 52 unit plan are ready to submit to the city for approval. The project features beautiful amenity spaces with a luxury pool, clubhouse, and outdoor spaces. Each unit is planned to have individual laundry units inside and large walk-in closets. The mid-century architecture that has been incorporated in the plans is extremely popular in this gentrifying part of Phoenix. The one-bedroom units will offer a rare, more affordable option to tenants who are seeking a class A, brand new, attractive project at a price point that is getting harder and harder to find. The project calls for surface parking and frame construction to keep costs at a reasonable level. This is a rare, bite-sized development opportunity in the heart of one of the fastest growing metroplexes in the country.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

52

PRICE/UNIT

$57,692

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zoe Apartments Development Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

R5

APN/PARCEL ID

155-16-075A

ASK ABOUT THIS PROPERTY

John KlocekABI MultifamilyMore Info
602-344-9258

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

John KlocekABI MultifamilyMore Info
602-344-9258

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