4404 W Bethany Home Rd | Glendale, AZ 85301
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- LoopNet Team
4404 W Bethany Home Rd
Glendale, AZ 85301
Park West · Multifamily Property For Sale
·
85 Units
INVESTMENT HIGHLIGHTS
- Lender Owned (REO)
- Tremendous Low Basis Value-Add Opportunity at $120K/unit and $164/SF
- Interior Renovation at $20K/unit = $350+ Rent Premium = 21%+ ROI
- 71% 2-Bedroom Floorplans Averaging Over 800+ SF
- 2 Miles from Booming Grand Canyon University(GCU) = $11B Overall Impact the Past 10 Years
- Minutes from the Westgate Entertainment District, State Farm Stadium(AZ Cardinals), $1B Via Resort(opening 2024)
PROPERTY FACTS
| No. Units | 85 | Building Size | 65,608 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 2.66 AC | ||
| Zoning | M-M - Mixed-Use Mariners | ||
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 65,608 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | M-M - Mixed-Use Mariners |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Pool
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | 350 |
| 1+1 | 24 | $1,250 | 550 - 620 |
| 2+1 | 40 | $1,475 | 780 |
| 2+2 | 20 | $1,550 | 830 |
PROPERTY TAXES
| Parcel Number | 146-29-132 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $338,377 |
PROPERTY TAXES
Parcel Number
146-29-132
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$338,377
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