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Buy&Hold (Multifamily): (21 UNITS) CIELO APTS, 15350 N. 29TH, PHEONIX, AZ 85032 + $9,200,000

Multifamily Investment Opportunity










Price

$9,200,000


Off-Market Opportunity for Multifamily Investors


Property: Cielo Apartment Homes - 21 Units

Location: North Central Phoenix, Southwest Corner of Greenway and 29th Street

Access: Near the 51 Piestewa Freeway

Nearby: Paradise Valle High School, Abrazo Medical Campus, Desert Ridge Marketplace


Description:

Welcome to Cielo Apartment Homes, a new community offering 21 units in a prime location in north central Phoenix. This new construction property requires no major repairs, making it an ideal investment opportunity.



Enhancement Opportunities:

  • Smart home package for all units

  • Security cameras at entrances and common areas

  • Additional landscaping

  • Addition of drywell and piers for common amenity area

  • Additional low voltage lighting

  • Package locker system


Revenue Potential:


Monthly premiums of $50-$100 per unit achievable in the current market with enhancements. Additional revenue opportunities include increasing net rent, Valet Trash, amenity premiums, and examining increased RUBS billing.


Purchase Price: $9.2M Cash


Submit Offers: Please submit all offers directly to investments@promiselandrealtyllc.com. Don't miss this opportunity to invest in a thriving multifamily property with great potential!


Property Map




"AMERICA'S #1 SOURCE FOR OFF MARKET REAL ESTATE"





PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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