11830 28Th DrPhoenix, AZ 85029

Property Details for 11830 28Th Dr

Year built

2024

Property size (Sq ft)

2,100 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional Phoenix retail investment property, located at 11830 N 28th Dr, offers a compelling opportunity. Currently under construction with projected completion in October 2024, this complex comprises two buildings encompassing 12 four-bedroom, three-bathroom tri-level townhomes, each boasting 2,100 square feet. The modern design features 10-foot ceilings on the main floor, white cabinetry, quartz countertops, and stainless steel appliances. Each unit includes a two-car tandem garage, in-unit washer/dryer, and a private backyard with green space. End units enjoy added windows and larger balconies. Community amenities include a swimming pool. The property sits on nearly an acre and offers 37 parking spaces, including 13 additional spaces beyond the garages (one ADA compliant). The total net rentable area is 26,400 square feet. The property is zoned C1 and features a strong NOI of $389,515, resulting in an attractive 5.06% cap rate. Offered at $7,700,000 fee simple. The APN is 149-63-720. This is a prime investment opportunity in a thriving Phoenix market.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5944

Longitude

-112.121

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