= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

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

Multifamily Property For Sale

Land Pointe

11600 N. 75th Avenue, Peoria, AZ 85345

Price:
$7,900,000
No. Units:
100
Building Size:
83,600 SF
Price/Unit:
$79,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
6%
Gross Rent Multiplier:
8.98
Occupancy:
94%
No. Stories:
2
Year Built:
1985
Lot Size:
7.40 AC
Tax ID / APN #:
142-01-002U
Parking Ratio:
1.52 / 1,000 SF
Find Out More...

Last Verified 11/23/2009 Listing ID 15989054

Highlights

All Two Bedroom/Two Bath Units
Extensive Capital Improvements
Gated and Individually Metered

Pool, Spa, Playground Area and Bar-B-Q's
Stand Alone Leasing Office with Central Laundry Facility
Zoning allows for an additional 33 Units to be Built

Description

**PRICE ADJUSTMENT** Land Pointe Apartment Homes consist of 100 two bedroom, two bath units located on spacious grounds in the Northwest Valley City of Peoria.

Land Pointe is located on 75th Avenue, just south of Cactus Road and north of Peoria Avenue, in Peoria, AZ. The property is surrounded on three sides by residential neighborhoods. 75th Avenue is a main north-south thoroughfare, so the property is afforded excellent street exposure.

Financial Summary

Unit Mix Information

Debt & Equity Information

Proforma
Year
2008
Scheduled Gross Income
$924,000
Effective Gross Income
$906,960
Operating Expenses
$408,998
Net Operating Income
$497,962
Pre-Tax Cash Flow
$54,445

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Two Bedroom/Two Bath	60	$770	811
Two Bedroom/Two Bath	40	$765	814

Map of 11600 N. 75th Avenue, Peoria, AZ 85345 (Maricopa County)

Hide Map

Contact Listing Broker to find out more details.

Request additional information

Contact Listing Broker

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 11/14/2008

Additional Information for 11600 N 75th Avenue, Peoria, AZ 85345

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 2 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 11600 N. 75th Avenue, Peoria, AZ 85345

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Garden/Low-Rise
Sold 1Q 2007
Garden/Low-Rise
Sold 1Q 2007
Duplex/Triplex
/Fourplex
Sold 1Q 2007
Duplex/Triplex
/Fourplex
Sold 3Q 2005
Garden/Low-Rise
Sold 2Q 2009

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - Land Pointe

11600 N. 75th Avenue, Peoria, AZ, 85345