For Sale
$6,250,000

20405 Estrella Pkwy Maricopa, AZ 85139

195-unit apartment complex, shovel-ready.

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: The Villas at the Gin, a nearly shovel-ready 195-unit Class A apartment complex in Maricopa, Arizona, is available for $6,250,000. This multifamily property sits on a 10.47-acre lot (APN: 510-17-022-o) at 20405 N Estrella Parkway, 85139, and boasts completed rezoning and nearly fully approved construction drawings. The development plan includes a garden-style design featuring 78 one-bedroom, 99 two-bedroom, and 18 three-bedroom units. Residents will enjoy amenities such as a swimming pool, pet-friendly spaces, and a clubhouse. Ample parking is provided with 399 spaces, including 70 rentable spaces within 14 garage buildings (5 spaces per building). The proposed density of 19.17 units per acre is efficient, falling just below the maximum permitted density of 20 units per acre. This project is ideally positioned for immediate development, presenting a unique opportunity for a swift return on investment. The price per unit is $32,051.28. The property is zoned for multifamily use. This is a turnkey project ready for the next phase of development.

Highlights

  • Exceptional investment opportunity: 195-unit Class A apartment complex in Maricopa, AZ, priced at $6,250,000 ($32,051.28 per unit).
  • Shovel-ready project with completed rezoning and nearly fully approved construction drawings.
  • 10.47-acre site (APN: 510-17-022-o) at 20405 N Estrella Parkway, Maricopa, AZ 85139.
  • Garden-style design featuring 78 one-bedroom, 99 two-bedroom, and 18 three-bedroom units.
  • Amenities include a swimming pool, pet-friendly spaces, and a clubhouse; 399 parking spaces (70 rentable garage spaces in 14 buildings).

Property Details for 20405 Estrella Pkwy

Property type
Apartment buildings
Class
A
Buildings
6
Lot Size (sq. ft)
456,073 SF
Units
195

Location Insight

City
Maricopa
County
Pinal
State
Arizona
Latitude
33.0639727
Longitude
-112.0587604

FAQs

What type of property is this?
Apartment building - 195-unit apartment complex, shovel-ready.
Where is the apartment building located?
The property is located at 20405 Estrella Pkwy Maricopa, AZ.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 195-unit Class A apartment complex in Maricopa, AZ, priced at $6,250,000 ($32,051.28 per unit).; Shovel-ready project with completed rezoning and nearly fully approved construction drawings.; 10.47-acre site (APN: 510-17-022-o) at 20405 N Estrella Parkway, Maricopa, AZ 85139.
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20405 Estrella Pkwy
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