2332 W Broadway Ave - Cielo Apartment Homes 1.42 Acres of Residential Land Offered at $1,350,000 in Apache Junction, AZ 85120

NEW! Prime, shovel-ready multifamily development opportunity in the growing community of Apache Junction — 1.42 acres of fully entitled, engineering-complete, plan-approved, land designed for 15 two-story duplex buildings totaling 30 rental apartment homes. The approved project consists of thirty 2-bedroom, 2-bath units, each offering approximately 816 square feet of living space. The Conditional Use Permit has already been approved by the City of Apache Junction, with architecture and civil engineering completed and city plan reviews successfully approved through three formal rounds. This offering provides a rare opportunity for a developer to step in and immediately begin the permit-pulling process without the typical delays, costs, and uncertainty associated with entitlement work, design, and municipal approvals.
Highlights include:
• 1.42-acre multifamily development site
• Fully entitled and shovel ready
• Approved for 30 rental apartment homes
• 15 two-story duplex structures
• All architecture and civil engineering completed
• City approvals substantially completed
• Significant time and cost savings for Buyer
Buyer to independently verify all information, plans, property data, approvals, and designs prior to close of escrow. For more information contact: Robert W. Dudek, MSEL, 1-888-994-4BLU x.8128, info@tbsreg.com. AZ Real Estate Broker Lic. BR716825000. Professionally Marketed and Brokered by: Keller Williams Arizona Realty, The Blu Summit Real Estate Group Arizona, KW Commercial.