Multifamily

Village Drive

1904 W Village Dr, Phoenix, AZ 85023

Listing Price: $759,000

Cap Rate
4.50%
Number of Units
4
Price/Unit
$189,750
Price/Gross SF
$205.36
Gross SF
3,696

Investment Overview

V I L L A G E D R I V E is a 4-unit apartment community located immediately off of 19th Avenue offering a superior location with direct access to the thriving Deer Valley region of North Phoenix. The area is known for its diverse professional alignment and lifestyle opportunities which supports approximately ±52,600 professionals spread across ±1,200 businesses. Furthermore, Village Drive enjoys direct proximity to the Interstate 17 (I-17) Employment Corridor and an additional ±44,300 professionals housed within ±1,200 businesses. Developed in 1985, the property features two-bedroom, one-bath two-story townhome floorplans averaging 924-square-feet. Half of the units are equipped with large back patios and all units include in-suite laundry. Future ownership will have the opportunity to renovate all four unit interiors to realize a monthly premium of $150.

Investment Highlights

  • Townhome-style, two-story two-bedroom floorplans.
  • Located in the highly desirable Deer Valley submarket.
  • Value-add upside for further interior renovations.

Exclusively Listed By

Listing Price: $759,000

Cap Rate
4.50%
Number of Units
4
Price/Unit
$189,750
Price/Gross SF
$205.36
Gross SF
3,696

Investment Highlights

  • Townhome-style, two-story two-bedroom floorplans.
  • Located in the highly desirable Deer Valley submarket.
  • Value-add upside for further interior renovations.

Investment Overview

V I L L A G E D R I V E is a 4-unit apartment community located immediately off of 19th Avenue offering a superior location with direct access to the thriving Deer Valley region of North Phoenix. The area is known for its diverse professional alignment and lifestyle opportunities which supports approximately ±52,600 professionals spread across ±1,200 businesses. Furthermore, Village Drive enjoys direct proximity to the Interstate 17 (I-17) Employment Corridor and an additional ±44,300 professionals housed within ±1,200 businesses. Developed in 1985, the property features two-bedroom, one-bath two-story townhome floorplans averaging 924-square-feet. Half of the units are equipped with large back patios and all units include in-suite laundry. Future ownership will have the opportunity to renovate all four unit interiors to realize a monthly premium of $150.

Exclusively Listed By

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