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Williams Court 3021 W Williams Dr 20 Unit Apartment Building $7,000,000 ($350,000/Unit) 5.04% Cap Rate Phoenix, AZ 85027
Investment Highlights
- Newly constructed multifamily asset in North Phoenix
- Cap rate of 5.04% based on actual NOI
- Located near major freeways and employment centers
- Zoned R-4 with potential for future density or redevelopment
Executive Summary
Williams Court is a newly constructed, 20-unit multifamily community located in North Phoenix, offering investors a stabilized, turnkey asset with strong in-place income and modern construction. Built in 2025, the property spans ±16,800 square feet across two buildings on a ±0.64-acre parcel and is zoned R-4, allowing for medium-density residential use. The unit mix consists entirely of spacious two-bedroom, two-bathroom layouts, each measuring 840 square feet, with current rents ranging from $1,750 to $1,950 per month.
Property Facts
| Price | $7,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $350,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 5.04% | Building Size | 16,400 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | R4A - Multifamily Residence | ||
| Price | $7,000,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 16,400 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | R4A - Multifamily Residence |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Property Manager on Site
- Maintenance on site
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | 820 - 840 |
Property Taxes
| Parcel Number | 206-04-021W | Improvements Assessment | $0 |
| Land Assessment | $6,646 | Total Assessment | $6,646 |
Property Taxes
Parcel Number
206-04-021W
Land Assessment
$6,646
Improvements Assessment
$0
Total Assessment
$6,646
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Williams Court | 3021 W Williams Dr
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