top of page
Search

Buy & Hold (Multifamily): (24 units) 2016 W Orangewood Dr, Phoenix, AZ + $4,850,000







Price

$4,850,000



Exclusive Off-Market Investment Opportunity

🏢💼24-Unit Apartment Complex | Prime Phoenix Location 🌵🌇


Address: 2016 W Orangewood Dr., Phoenix, AZ (McAllister) 📍

Promiseland Realty LLC is pleased to exclusively offer Arizona investors a highly attractive, off-market multifamily asset positioned strategically within the thriving Phoenix market. This meticulously maintained apartment complex consists of 24 units, presenting investors an exceptional blend of stability, cash flow, and value-add potential. 💰🏘️


Property Highlights:

  • Asking Price: $4,850,000 💵

  • Unit Mix:

    • 4 units: Spacious 2-bedroom, 2-bathroom apartments (approx. 1,100 sq ft each) 🛏️🛁

    • 8 units: Desirable 1-bedroom, 1-bathroom apartments (approx. 750 sq ft each) 🛏️🛁

    • 12 units: Efficient studio apartments (approx. 570 sq ft each) 🛋️🛁


Property Financials:


Assumable Financing Available: 📉🏦

  • Attractive existing loan amount: $2,350,000

  • Favorable interest-only terms at 4.5%

  • Remaining term: Approximately 3½ - 4 years

This assumable loan provides immediate leveraged returns and financial flexibility, enhancing your investment strategy. 📈


Location Benefits: 🗺️✨Ideally situated in a prime Phoenix location, the property benefits from robust rental demand, convenient proximity to local amenities, shopping centers, employment hubs, and easy transportation access, solidifying tenant appeal and long-term appreciation potential. 🛒🏙️🚗


Investment Potential: 🚀💼This unique investment presents the opportunity to realize significant upside through operational optimization and rental income enhancement. Ideal for savvy Arizona-based investors seeking to expand their multifamily portfolios in the Phoenix metropolitan area. 🌟📊


Offer Submission: 📧 All interested investors and brokers are invited to submit inquiries and offers directly to: investments@promiselandrealtyllc.com


TEAM PROMISELAND Disclaimer: ⚠️🔒This confidential off-market property listing and all associated property details are provided exclusively by Promiseland Realty LLC and TEAM PROMISELAND. Any unauthorized use, distribution, marketing, or dissemination of this listing, or property details herein, without explicit written permission from Promiseland Realty LLC and TEAM PROMISELAND, is strictly prohibited. Unauthorized actions may result in a monetary penalty of $500 per incident and other applicable legal actions. This listing is intended solely for qualified Arizona investors and affiliates who possess genuine interest and capability to acquire significant multifamily investment properties. 🤝📑


Aerial View







"Your #1 Source for Off Market Real Estate Properties, Nationwide"




PROMISE LAND REALTY, LLC

Work: 248- 416-2574


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.

Comments

bottom of page