|
|
|
Priced at $1,100,000
|
|
|
|
|
|
Bedrooms
:
|
68
|
Bathrooms
:
|
34
|
|
Home Size
:
|
23,800 sq.ft.
|
County
:
|
Maricopa
|
|
Property Type
:
|
Income
|
Year Built
:
|
1983
|
|
|
Property Description
|
|
Sunlight Vista is a two story apartment community built in 1985, comprised of 34 units, and was just rehabbed last year. The property is priced at just $1.1million, approx $32k/door or $46/SF. With an annual NOI of $98,131 the cap rate is 8.9%.
The unit mix consists entirely of two-bedroom units. The three buildings are constructed of wood frame with stucco. Amenities include a swimming pool and a coin operated washer and dryer facility. The property is individually metered for electricity and master metered for water. The property owner is responsible for the cost of cable TV, water, sewer, and trash pickup. The tenants are responsible for the cost of electricity in the units, including the cost of heating and air conditioning. There is dedicated parking provided on site.
Sunlight Vista Apartments is constructed on one rectangular parcel with a net site size of 0.96 acres, providing a net density of 35.41 units per acre. It is situated in the NE corner of major thoroughfares I-17 and highway 101. These highways give residents of Sunlight Vista easy access to downtown Phoenix, North Phoenix, Scottsdale and all other parts of the metropolitan area.
|
|
|
Features List
|
|
|
• NOI $98,131
|
• CAP Rate 8.9%
|
• 85% Occupied
|
|
• $46/square foot
|
|
|
|
|
|