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Multifamily

West Edge at Thunderbird

13913 N Primrose St, El Mirage, AZ 85355

Listing Price: $5,850,000

Cap Rate
6.43%
Number of Units
32
GRM
12.26
Occupancy
88.0%
Price/Unit
$182,813
Price/Gross SF
$407.92
Gross SF
14,341

Investment Overview

Built in 1980 and renovated in 2022, West Edge at Thunderbird offers 32 units covering an average of 448 square feet - each complete with large private yards and in-suite laundry (select units). The property has seen interior and exterior renovations of just over $30,000 per unit in capital expenditures during the current hold. Future ownership will have the opportunity to upgrade 23 of the units to include in-suite laundry and benefit from future rent growth associated with the continued economic boom experienced in North West Phoenix.

Investment Highlights

  • Over $30,000 per unit of capital improvements/renovations during the current hold period.
  • Unique single-level, low-density mid-sized property. All units equipped with oversized private front yards.
  • Located in the rapidly transforming North West Valley with proximity to TSMC's campus ($165 billion foreign investment).

Exclusively Listed By

Financing By

Multifamily

West Edge at Thunderbird

Listing Price: $5,850,000

Cap Rate
6.43%
Number of Units
32
GRM
12.26
Occupancy
88.0%
Price/Unit
$182,813
Price/Gross SF
$407.92
Gross SF
14,341

Investment Highlights

  • Over $30,000 per unit of capital improvements/renovations during the current hold period.
  • Unique single-level, low-density mid-sized property. All units equipped with oversized private front yards.
  • Located in the rapidly transforming North West Valley with proximity to TSMC's campus ($165 billion foreign investment).

Investment Overview

Built in 1980 and renovated in 2022, West Edge at Thunderbird offers 32 units covering an average of 448 square feet - each complete with large private yards and in-suite laundry (select units). The property has seen interior and exterior renovations of just over $30,000 per unit in capital expenditures during the current hold. Future ownership will have the opportunity to upgrade 23 of the units to include in-suite laundry and benefit from future rent growth associated with the continued economic boom experienced in North West Phoenix.

Exclusively Listed By

Financing By

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