TITLE:
LAND - FULLY ENTITLED FOR 30 UNIT APARTMENT PROJECT IN AZ
CONTROL:
Exclusive
VALUE:
$1,350,000
LOAN:
$298,000
EQUITY:
$1,052,000
TYPE:
Land
HAVE:
Fully entitled, shovel-ready land for 30-unit apartment project in Apache Junction, AZ near Phoenix. Prime location, comes with full plans, GC-ready to build 15 duplexes, 2 units each, 2BR, 2BA, 816 SF. Flexible terms: sell, trade or exchange.
WEBSITE URL:
ADDRESS:
2332 W. Broadway Avenue, Apache Junction, Arizona
BENEFITS TO NEW OWNER:
Fully entitled, shovel-ready land project in the growing area of Apache Junction, near Phoenix. 15 duplex buildings on a single APN, totaling 30 units. GC will guarantee completion with its balance sheet.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$298,000
$2,980
12%
09/01/2026
Yes
BENEFITS SOUGHT:
Sell or trade the project for land and/or smaller projects in San Diego, CA, other areas in Southern CA and/or Phoenix, AZ.
CAN ADD:
Newly completed 34 unit duplex homes rental project with 17 duplexes (22 units-2BR/2BA, 12 units-3BR/2BA) in Glendale, AZ. Valued at: $13.9M, debt $11.8M (www.tempoarizona.com.) New development, construction, sales and marketing advisory services.
REMARKS:
Land - Turn-key new development, shovel-ready, all plans, GC, and non-seller construction financing available. Attractive duplex rental homes product, located in Apache Junction, AZ, about 30 miles east of Phoenix. Flexible terms: sell, trade or exchange.
COUNSELOR:
Robert W. Dudek, MSEL
The Blu Summit Real Estate Group / KW Commercial
12750 High Bluff Dr. Ste. 300
San Diego, California, 92130
