For Sale
$699,900

12945 Greenway Rd El Mirage, AZ 85335

High-yield Arizona triplex, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional three-unit triplex in El Mirage, Arizona, presents a compelling investment opportunity. Built in 2022, this Class B property boasts a total of 3,237 square feet, offering a strong net operating income (NOI) of $41,915, resulting in a 5.99% capitalization rate. Each unit features two bedrooms and two bathrooms, equipped with modern amenities including LVT flooring in common areas, granite countertops, stainless steel appliances, and energy-efficient can lights and ceiling fans. Currently operating at 100% occupancy, the property generates substantial rental income: Unit 107 (projected $1,475.50), Unit 207 ($1,475.50), and Unit 307 ($1,520.50). A significant advantage is the comprehensive HOA fee of $480 per month, covering sewer, water, trash, exterior insurance, landscaping, access to a clubhouse, pool, and tot lot. The property is managed by an on-site management company, charging 7% of gross rents. The asking price is $699,900, translating to $233,300 per unit and $216.22 per square foot. The property is offered fee simple and features a three-story stacked design. The seller is offering a 1% seller credit on the loan amount. The property's address is 12945 W Greenway Rd, El Mirage, AZ 85335, with APN 501-34-310. All information should be verified by the buyer.

Highlights

  • $699,900 Asking Price for a stabilized multifamily investment property.
  • Three-unit, Class B triplex in El Mirage, AZ.
  • 3,237 square feet with a price per square foot of $216.22.
  • 5.99% Cap Rate, 100% Occupancy, and $41,915 Net Operating Income (NOI).
  • Each unit features 2 bedrooms and 2 bathrooms, granite countertops, stainless steel appliances.
  • Built in 2022, with three stories.

Property Details for 12945 Greenway Rd

Property type
Residential income homes
Square Feet
3,237 SF
Class
B
Year Built
2022
Stories
3
Units
3

Location Insight

City
El Mirage
County
Maricopa
State
Arizona
Latitude
33.622858587337
Longitude
-112.33939731078

FAQs

What type of property is this?
Residential income home - High-yield Arizona triplex, 100% occupied.
Where is the residential income home located?
The property is located at 12945 Greenway Rd El Mirage, AZ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: $699,900 Asking Price for a stabilized multifamily investment property.; Three-unit, Class B triplex in El Mirage, AZ.; 3,237 square feet with a price per square foot of $216.22.
How can I contact the broker?
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12945 Greenway Rd
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