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1429 N Scottsdale Rd 118 Unit Apartment Building $26,495,500 CAD ($224,538 CAD/Unit) Tempe, AZ 85288
Investment Highlights
- All units are completely remodeled with modern amenities.
Executive Summary
118 Unit Apartment Complex rooms 65 Units feature kitchens and laundry. Property is currently has a Hotel use and is in the process of being converted to apartments. Amazing location along Scottsdale Rd just north of the Tempe Town Lake. Close to shopping, 202 Loop, and Mill Ave. 58 Studio Units 5 currently with kitchens. 60 one or two-bedroom units with kitchens. All units are completely remodeled with modern amenities.
Property Facts
| Price | $26,495,500 CAD | Building Class | B |
| Price Per Unit | $224,538 CAD | Lot Size | 2.74 AC |
| Sale Type | Investment | Construction Status | Abandoned |
| No. Units | 118 | Building Size | 89,791 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $26,495,500 CAD |
| Price Per Unit | $224,538 CAD |
| Sale Type | Investment |
| No. Units | 118 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.74 AC |
| Construction Status | Abandoned |
| Building Size | 89,791 SF |
| No. Stories | 3 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 58 | - | - |
| 1+1 | 30 | - | - |
| 2+1 | 30 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 132-11-056 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,321,944 CAD |
Property Taxes
Parcel Number
132-11-056
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,321,944 CAD
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1429 N Scottsdale Rd
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