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Properties for Sale
Prepared for
4/28/2014 (602) 570-8605 rtowne@sjfowler.net
Presented by Robert Towne S.J. Fowler Real Estate, Inc.
1 3314 n 66st, Scottsdale, AZ 85251
Property Description
Location Description
Listing's Link: http://www.loopnet.com/lid/18641977
Property Notes
Property Details
Price $1,715,000
No. Units 31
Building Size 20,210 SF
Price/Unit $55,322.58 /Unit
Property Type Multifamily
Property Sub-type Garden/Low-Rise
Property Use Type Investment
Commission Split 2.50%
Cap Rate 6%
Occupancy 100%
No. Stories 1
Status Active
LoopNet ID 18641977
Broker Information
Robert Towne (602) 570-8605
This is a Bulk property sale.This group of properties consists of 7 individual 4-plexes Located in Scottsdale and 1 Tri plex in Mesa .The Scottsdale properties include 4 sets of owned coin operated washers and dryers .These machines brought in an additional $4000.00 in income last year.This group must be sold together. The complete 56 unit portfolio for sale in its entirety is made up of 11-four-plexes, 1 tri plex ,2 condos & 7 houses in total. Scottsdale & Mesa
properties to be sold together/31 units; Phoenix & Glendale fourplexes to be sold together/16 units; 7 houses & 2 condos to be sold together, located in Phoenix
& Glendale. Buyers to cooperate with Sellers 1031 exchange. All Information and figures are approximate and to be confirmed by the buyer or buyers agent.
Scottsdale rd and Osborn West to 66 st Sou to property. all addresses included in the 31 unit bulk sale are 3320 n 66st Scottsdale ,3314 n 66 st Scottsdale ,3225 n 66 st Scottsdale , 3238 n 66 st Scottsdale , 3201 n 66 st Scottsdale , 3137 n 66 st Scottsdale ,3120 n 67pl Scottsdale and 440 s Hall in Mesa
Financial Summary
Proforma
Year 2013
Scheduled Gross Income $169,020
Operating Expenses $72,700
Net Operating Income $92,813
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
Unit Mix Information
Description No. Units Avg. Mo. Rent Sq. Ft.
2 bed 1 bath 9 $570
1bed 1bath 21 $459
studio 1 $350
Photos
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
Map
1 3314 n 66stScottsdale, AZ 85251
Market Trends
Mar 14 vs. 3 mo.prior
Y-O-Y
State- $43,949 +0.7% +2.8%
Metro- $46,061 +2.0% +6.3%
County- $48,070 +2.6% +6.3%
100 yds
© 2014 Microsoft Corporation © 2010 NAVTEQ © AND
100 yds
© 2014 Microsoft Corporation © 2010 NAVTEQ © AND
©2014 Robert Towne, S.J. Fowler Real Estate, Inc.
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