11830 N 28th Drive, Phoenix, AZ 85029 (MLS# 6723250)

Description

UNDER CONSTRUCTION - PROJECTED COMPLETION JANUARY 2026 Gated Townhome Complex, 12 4bd/3bth trilevel, 2215sf units. There are two buildings, each end unit benefits from additional windows and a larger balcony! Each unit is completed with the same modern and low maintenance finishes - 10' ceilings on main floor, white cabinetry, quartz countertops, 2 car tandem garage for each unit, in unit washer/dryer, stainless steel appliances! There will be a community pool in the sw corner of complex and each unit will have their own backyard with green space! There will be 13 additional parking spaces (outside of the garage space with 1 of them ada). 26,400 rentable area of property on nearly an acre!

Supplements: Most recent appraisal for project finished and stabilized was $7,700,000 in late 2023. Owner would consider selling in current condition (adjusting for price accordingly) so buyer can have opportunity to finish project to their own specs.

Contract Info

Ownership: Fee Simple Current Price: $6,900,000 List Price: $6,900,000 Status: Active List Date: 2024-06-24

Location, Tax & Legal

Assessor's Map #: 63 Assessor's Parcel #: 720 Add'l Parcels: No Tax Municipality: Phoenix Taxes: 15897 Legal: LOT 3 LAKE BILTMORE VILLAGE NORTH MCR 059508 Marketing Name: Apex Townhomes House Number: 11830 Compass: N Street Name: 28th St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85029 County Code: Maricopa Assessor Number: 149-63-720 Tax Year: 2024

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 13 Lot Size Dimensions: irregular Total # of Units: 12 High School District: Glendale Union High School District Year Built: 2024 Zoning: c1

Project Type

5 - 12 Units: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1 Brick Veneer: 1

Roofing

Foam: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 15897 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 465120

Pmt & Rate Info

Cap Rate: 5.65 Equity: 6900000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Other: 1

Community Features

Pool: 1

Heating

Ceiling: 1 Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Green Landscaping: 1 Fenced: 1 Cable TV Available: 1 TV Antenna: 1 Patio/Balcony: 1 Security Light(s): 1 Other (See Remarks): 1

Interior Features

Unfurnished: 1 Fire Sprinklers: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Free-Standing Range: 1 W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1 Attached: 1 Garage Door Opener: 1

Electric

APS: 1 Master Meter: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Electric: 1 Trash Collection: 1 Pool Maintenance: 1

New Financing

Cash: 1 Conventional: 1 Other (See Remarks): 1

Reports/Disclosures

None: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 480-255-7327

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

# 4 Bedroom Units: 12 Avg Rent: 3400 Avg SqFt: 2100 # Baths: 3

Remarks Misc

Cross Street: Cactus Rd and 28th Drive Directions: South on 28th Drive, property is on the right (west side of rd). Geo Lat: 33.594266 Geo Lon: -112.120625

Legal Info

Lot Number: 3

Income Expenses

Gross Annual Sch Inc: 489600 Net Operating Income: 389515

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Foam Floors: Vinyl Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; TV Antenna; Patio/Balcony; Security Light(s); Other (See Remarks) Interior Features: Unfurnished; Fire Sprinklers Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Ceiling Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Master Meter; Individual Meter Gas: None Parking Features: Garage; Attached; Garage Door Opener Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: Other New Financing: Cash; Conventional; Other (See Remarks) Environmental: None