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21050 N 23rd Ave 8 Unit Apartment Building $4,753,000 CAD ($594,125 CAD/Unit) 5.01% Cap Rate Phoenix, AZ 85027
Investment Highlights
- Boutique 8 Unit Class A Townhome Community Minutes from Taiwan Semiconductor Manufacturing Company (TSMC)
- Built in 2023 with Modern Features and Amenities - Modern Porcelain Tile Flooring, Shaker Cabinets, Quartz Countertops
- Large 3 Bedroom 2.5 Bathroom Townhomes at 1,500 SF
- Direct Access Garages, Private Back Patios, Quality Construction w/ 9-Foot Ceilings, Modern Tiled Pitched Roofs and Modern Smooth Stucco Exterior
- Deer Valley Employment Corridor(94K Employees); USAA, Honeywell, Blue Cross Blue Shield, General Dynamics, Waste Management
- Minutes from Taiwan Semiconductor Manufacturing Company(TSMC) - $65 Billion Capital Investment (Largest Private Investment in Arizona History)
Executive Summary
Loft 23 Townhomes represent the rare opportunity to purchase a newbuild townhome community located in the booming North Phoenix-Deer Valley submarket, just minutes from the Taiwan Semiconductor Manufacturing Company (TSMC).
• Boutique 8 Unit Class A Townhome Community
• Built in 2023 with Modern Features and Amenities
• Large 3 Bedroom 2 ½ Bathroom at 1,500 SF
• Modern Plank Flooring, Shaker Cabinets, Quartz Countertops
• Quality Construction w/ 9-Foot Ceilings Throughout
• Direct Access Garages and Private Back Patios
• Modern Smooth Stucco Exterior
• Modern Tiled Pitched Roofs
• 100% Occupied w/ Waiting List
• Minutes from the upscale Shops at Norterra and Happy Valley Town Center – 14M+ SF of retail, restaurants, and entertainment options
• Deer Valley Employment Corridor(94K Employees); USAA, Honeywell, Blue Cross Blue Shield, General Dynamics, Waste Management
• Minutes from Taiwan Semiconductor Manufacturing Company(TSMC) - $65 Billion Capital Investment (Largest Private Investment in Arizona History)
• Boutique 8 Unit Class A Townhome Community
• Built in 2023 with Modern Features and Amenities
• Large 3 Bedroom 2 ½ Bathroom at 1,500 SF
• Modern Plank Flooring, Shaker Cabinets, Quartz Countertops
• Quality Construction w/ 9-Foot Ceilings Throughout
• Direct Access Garages and Private Back Patios
• Modern Smooth Stucco Exterior
• Modern Tiled Pitched Roofs
• 100% Occupied w/ Waiting List
• Minutes from the upscale Shops at Norterra and Happy Valley Town Center – 14M+ SF of retail, restaurants, and entertainment options
• Deer Valley Employment Corridor(94K Employees); USAA, Honeywell, Blue Cross Blue Shield, General Dynamics, Waste Management
• Minutes from Taiwan Semiconductor Manufacturing Company(TSMC) - $65 Billion Capital Investment (Largest Private Investment in Arizona History)
Property Facts
| Price | $4,753,000 CAD | Building Class | B |
| Price Per Unit | $594,125 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-5 | ||
| Price | $4,753,000 CAD |
| Price Per Unit | $594,125 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Pantry
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 8 | $3,327 CAD | 1,500 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 209-07-132 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $144,339 CAD |
Property Taxes
Parcel Number
209-07-132
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$144,339 CAD
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21050 N 23rd Ave
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