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Multifamily

Mirador

2424 E Grandview Rd, Phoenix, AZ 85032

Listing Price: $6,440,000

Cap Rate
3.00%
Number of Units
36
Price/Unit
$178,889
Price/Gross SF
$273.46
Gross SF
23,550

Investment Overview

MI R A D O R is a 36-unit apartment community located immediately south of the intersection of Cave Creek & Bell Roads offering outstanding mobility through the expanding lifestyle and economic opportunities of the north Valley. Mirador is presented with access to a strong employment landscape led by ±169,100 total employees across four nearby employment corridors featuring tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield as well as awarding -winning healthcare through the Mayo Clinic Phoenix Campus. The property also provides close proximity to several north Valley shopping destinations including Desert Ridge Marketplace, High Street, Kierland Commons, and Scottsdale Quarter. Developed in 1984, Mirador is comprised 75% two-bedroom floorplans and a complementary mix of studio and one-bedroom floorplans - all units averaging 654 square feet. Future ownership will have the opportunity to upgrade all 33 classic interiors with an associated renovation premium of $200 per month.

Investment Highlights

  • 75% Two-Bedroom Floorplans
  • Opportunity to renovate 33 legacy units
  • Located in the rapidly transforming submarket of North Phoenix.

Exclusively Listed By

Financing By

Listing Price: $6,440,000

Cap Rate
3.00%
Number of Units
36
Price/Unit
$178,889
Price/Gross SF
$273.46
Gross SF
23,550

Investment Highlights

  • 75% Two-Bedroom Floorplans
  • Opportunity to renovate 33 legacy units
  • Located in the rapidly transforming submarket of North Phoenix.

Investment Overview

MI R A D O R is a 36-unit apartment community located immediately south of the intersection of Cave Creek & Bell Roads offering outstanding mobility through the expanding lifestyle and economic opportunities of the north Valley. Mirador is presented with access to a strong employment landscape led by ±169,100 total employees across four nearby employment corridors featuring tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield as well as awarding -winning healthcare through the Mayo Clinic Phoenix Campus. The property also provides close proximity to several north Valley shopping destinations including Desert Ridge Marketplace, High Street, Kierland Commons, and Scottsdale Quarter. Developed in 1984, Mirador is comprised 75% two-bedroom floorplans and a complementary mix of studio and one-bedroom floorplans - all units averaging 654 square feet. Future ownership will have the opportunity to upgrade all 33 classic interiors with an associated renovation premium of $200 per month.

Exclusively Listed By

Financing By

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