12945 Greenway RdEl Mirage, AZ 85335

Property Details for 12945 Greenway Rd

Year built

2022

Lot size

3.38 AC

Zone code

UC

Property type

Commercial real estate

APN

501-34-323

APU

50134323

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $40,330,924

  Hospitality

  $36,942,908

  Educational

  $30,736,066

  Medical

  $31,793,126

  Retail

  $47,811,660

Location Insight

City

El Mirage

County

Maricopa

State

Arizona

Latitude

33.6233

Longitude

-112.339

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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