Historical Multifamily Sale Listing - WindSprings

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

WindSprings

3515 East Bell Road, Phoenix, AZ 85032

N/A

130 Units | Multifamily

  • Print

WindSprings

Multifamily Property - Off Market

Price:
N/A
No. Units:
130
Building Size:
118,300 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
No. Stories:
2
Year Built:
1985
Lot Size:
4.20 AC
Listing ID
16812441
Last Updated
over 1 year ago

Highlights

  • Assumable financing with attractive leverage and interest rate
  • Strong demographic location within close proximity to high-pay job generators
  • Significant drive-by exposure on Bell Road (approximately 48,000 cars per day)
  • Dominant mix of two bedroom/two bath units (±75%)
  • Over 50% of the units are townhouse style (±1,150 square feet)
  • Full size washer/dryers in all units

Description

WindSprings is situated on ±4.2 acres with mature, attractive landscaping. The property is a two-story, garden design building, and was built in 1985. It is comprised of eight rental buildings with frame and stucco construction. The property is individually metered for electricity and hot water is supplied by a central boiler. WindSprings enjoys a strong occupancy due in part to an excellent infill location with high barriers to entry for new construction, very desirable apartment units, and strong demographic neighborhood.

The WindSprings Apartments are located on Bell Road, a major east-west thoroughfare in metropolitan Phoenix. The property is located just west of theSR-51 Freeway and less than three miles from the Loop 101 Freeway providing easy access to all areas of the valley. WindSprings is located in the Northeast Phoenix submarket, adjacent to Paradise Valley and Scottsdale, and is surrounded by abundant shopping, parks, and schools. WindSprings is located within the Paradise Valley Unified School District, which is arguably one of the finest school districts in the state of Arizona.

Map of 3515 East Bell Road, Phoenix, AZ 85032 (Maricopa County)

Research for 3515 East Bell Road, Phoenix, AZ 85032 (Maricopa County)

  • Demographics – Population, income & other demographics near 3515 East Bell Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building