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2016 W Orangewood Ave
Phoenix, AZ 85021
Macallister Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Built in 2017, rare for a smaller apt community
- Large units – all with Washer/Dryers
- Covered parking – convenient pool
- 4%, $2,350,000 Interest-only, assumable loan
- Balconies or patio backyard
- Strong occupancy – below market rents
Executive Summary
Macallister is a 2017 built, 24-unit, apartment community located in a quiet, central Phoenix neighborhood with a 4%, Interest-only assumable loan. Each of the studio, one-bedroom and two-bedroom, two-bath units are larger than normal. The attractive interiors have granite counter tops, stainless steel appliances, wood-vinyl flooring and in-unit washer dryers. Exterior includes a conveniently located fenced pool, covered parking and attractive, mature landscape. Upstairs units have sizeable balconies and the lower units back to a patio.
Property Facts
| Price Per Unit | $247,163 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.48% | Lot Size | 0.78 AC |
| No. Units | 24 | Building Size | 16,792 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2018 |
| Zoning | R-4 | ||
| Price Per Unit | $247,163 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.78 AC |
| Building Size | 16,792 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Zoning | R-4 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Window Coverings
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 560 |
| 1+1 | 8 | - | 734 |
| 2+2 | 4 | - | 1,050 |
Property Taxes
| Parcel Number | 157-19-140 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $253,023 CAD |
Property Taxes
Parcel Number
157-19-140
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$253,023 CAD
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