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INVESTMENT HIGHLIGHTS
- The property is situated equidistant from both Interstate 17 (I-17) and the Agua Fria Freeway (Loop 101)
- 30-unit new build townhomes
EXECUTIVE SUMMARY
61st Ave Commons ("the property") is a new construction 30-unit townhome community situated just north of the 61st Avenue & Northern Avenue Intersection. With convenient access to some of The Valley's primary throughfares, the property is situated equidistant from both Interstate 17 (I-17) and the Agua Fria Freeway (Loop 101, offering mobility and a connection point to navigate the boundless lifestyle and economic opportunities of the West Valley. Presented with access to a strong employment landscape led by ±412,100 total employees within a ten-mile radius across employment corridors featuring tenants such as USAA, American Express, Banner Health, U-Haul, Amazon, and Blue Cross Blue Shield as well as numerous awarding-winning healthcare facilities, Banner University Medical Center. The property also provides close proximity to a number of West Valley mainstays ranging from Westgate Entertainment District to several Spring Training facilities as well as a number of outstanding higher academic campus, including Grand Canyon University & Arizona State University West Campus.
Completed in 2024, 61st Ave Commons is entirely comprised of three-bedroom townhome floorplans, covering 1420 square feet. Each townhome is equipped with stainless steel appliances, granite countertops, modern backsplash, premium cabinets, full-size washer/ dryer, attached garage, and private backyard.
Completed in 2024, 61st Ave Commons is entirely comprised of three-bedroom townhome floorplans, covering 1420 square feet. Each townhome is equipped with stainless steel appliances, granite countertops, modern backsplash, premium cabinets, full-size washer/ dryer, attached garage, and private backyard.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| No. Units | 30 | Lot Size | 2.19 AC |
| Property Type | Multifamily | Building Size | 42,600 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2024 |
| Zoning | R-4 - Multi-family residential | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.19 AC |
| Building Size | 42,600 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | R-4 - Multi-family residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 30 | - | 1,420 |
PROPERTY TAXES
| Parcel Number | 143-15-001K | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $295,750 |
PROPERTY TAXES
Parcel Number
143-15-001K
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$295,750
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61st Ave Commons | 8246 N 61st Ave
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