20405 Estrella PkwyMaricopa, AZ 85139
- Residential income properties
- 10.47 AC
Property Details for 20405 Estrella Pkwy
- Lot size
- 10.47 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Maricopa
- County
- Pinal
- State
- Arizona
- Latitude
- 33.064
- Longitude
- -112.059
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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