10860 N 85th Ave | Peoria, AZ 85345
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- LoopNet Team
10860 N 85th Ave
Peoria, AZ 85345
Tallows at Peoria · Multifamily Property For Sale
·
100 Units
Investment Highlights
- 100-unit recently renovated asset with strong in-place cash-flow located within the fast-growing Peoria submarket
- 91% of community interiors were renovated featuring shaker-style cabinets with brush nickel hardware, vinyl flooring, new carpeting, two tone paint,
- Opportunity to renovate the remaining 9% of units once tenants move out
- Opportunity to increase current market rents as they are ±$60-$153 below submarket competitors
- Renovated units are achieving market rent premiums averaging ±$178 for the one-beds and ±$278 for the two-beds
Property Facts
| No. Units | 100 | Building Size | 71,180 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 3.54/1,000 SF |
| Lot Size | 5.09 AC | ||
| Zoning | RM-1 | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.09 AC |
| Building Size | 71,180 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 3.54/1,000 SF |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Range
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 480 |
| 2+1 | 80 | - | 780 |
Property Taxes
| Parcel Number | 142-45-140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $305,384 |
Property Taxes
Parcel Number
142-45-140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$305,384
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