For Sale
$2,989,500

14665 Parkwood DrSurprise, AZ 85374

Shovel-ready 63-unit multifamily development.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully improved, shovel-ready 63-unit multifamily development project located at 14665 W Parkwood Dr, Surprise, AZ 85374, in Maricopa County. The property, identified by APN 503-98-972, boasts a substantial 64,887 square feet on a 3.14-acre lot. Zoned PAD, the site is completely ready for construction, featuring completed infrastructure including curbs, gutters, sidewalks, fire hydrants, utilities, and retention areas. Detailed construction drawings are available. The unit mix comprises three 3-bedroom units, thirty-six 2-bedroom units, and twenty-four 1-bedroom units (twelve of which include dens). This Class B apartment building presents a compelling opportunity for immediate development, offering a significant return on investment. The asking price is $2,989,500. The property's prime location in Surprise, Arizona, ensures strong rental demand and potential for significant appreciation. This is a truly turnkey project, ready for immediate construction and occupancy. Don't miss this chance to acquire a high-value multifamily asset in a thriving market.

Highlights

  • Shovel-ready 63-unit multifamily development with complete construction plans.
  • Unit mix includes three 3-bedroom units.
  • The project features 36 two-bedroom units.
  • Twenty-four one-bedroom units are included, twelve of which offer dens.

Property Details for 14665 Parkwood Dr

Property type
Land, Apartment buildings
Square Feet
64,887 SF
Class
B
Lot Size (sq. ft)
136,778 SF
Units
63

Location Insight

City
Surprise
County
Maricopa
State
Arizona
Latitude
33.6492207
Longitude
-112.3753688
14665 Parkwood Dr, Surprise, Arizona

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14665 Parkwood Dr
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