1401 Granite Reef RdScottsdale, AZ 85257

Property Details for 1401 Granite Reef Rd

Year built

2019

Lot size

0.89 AC

Property size (Sq ft)

37,236 SF

Property type

Apartment buildings

Description

This exceptional 20-unit multifamily investment opportunity, Eclipse Luxury Condominiums, is situated on a 0.89-acre lot in the heart of Scottsdale, Arizona (APN: 131-07-563 to 587). Built in 2019, this three-building complex boasts three stories and a total of 37,236 square feet of net rentable space. The property features a modern aesthetic with clean lines and expansive glass facades, offering a blend of natural and industrial materials. Each of the 20 units includes high-end finishes such as quartz countertops, ceramic tile floors, updated cabinetry, and smart home integration. Residents enjoy private outdoor decks and access to a private pool with a gas BBQ and well-manicured landscaping. The community prioritizes sustainability with energy-efficient design incorporating solar panels, LED lighting, and high-performance insulation, aiming for a Net Zero Energy rating. Water conservation is achieved through native landscaping and efficient irrigation. Secure community parking with access gates and covered guest parking enhances resident safety and convenience. The property is zoned R-5 Scottsdale and currently enjoys a 95% occupancy rate, with the next occupancy date scheduled for October 30, 2024. This presents a rare opportunity to acquire a high-performing, luxury multifamily asset in a prime Scottsdale location.

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.4635

Longitude

-111.9

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