Hallcraft Villas Condominium Portfolio
51 Unit Apartment Building | $8,100,000 ($158,824/Unit) | Phoenix, AZ 85043
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,100,000
- Property Type
-
Multifamily
- Square Feet
- 195,775 SF
Listing Contacts
Carter Marks
Verified Profile
William Xander
Verified Profile
Zack Mishkin
Verified Profile
- Property Info
Property Overview
The Hallcraft West Villas is a fifty one unit condominium portfolio in Phoenix, AZ with attractive Seller Financing available. This offering features a strong unit mix consisting of (24) 2bed/1bath units, (15) 2bed/1.5bath units & (12) 3bed/1.5bath units, all ranging in size with large layouts between 850-1,035 SF. Forty four of the fifty one available units offer two story floorplans and 100% of the units have en-suite washers and dryers, private yards, private patios and sprawling additional storage space. A community pool, BBQ areas, gated access, and assigned parking spots are among the many amenities the complex offers for all residents. The Hallcraft complex is surrounded by popular retailers, entertainment attractions, large employers, major travel corridors and highly accredited primary schools as well as Grand Canyon University.
Potential investors have the opportunity to acquire nearly a third of the "Hallcraft Villas West 7" condominium complex, which is an asset that possesses incredible upside potential, with both physical and operational investment pathways. Although ownership has invested significant capital improving these units in recent years, further renovations could help capitalize on rental premiums recognized by similar units within the submarket. In addition to those opportunities, buyers can also take advantage of the attractive Seller Financing terms being offered by current ownership. These terms, outlined in the Offering Memorandum, are far better than the large majority of traditional financing options available in today's lending environment.
Contact the listing brokers with any questions about the property and for access to the deal room with full financials, additional photos and Seller Financing terms.
Potential investors have the opportunity to acquire nearly a third of the "Hallcraft Villas West 7" condominium complex, which is an asset that possesses incredible upside potential, with both physical and operational investment pathways. Although ownership has invested significant capital improving these units in recent years, further renovations could help capitalize on rental premiums recognized by similar units within the submarket. In addition to those opportunities, buyers can also take advantage of the attractive Seller Financing terms being offered by current ownership. These terms, outlined in the Offering Memorandum, are far better than the large majority of traditional financing options available in today's lending environment.
Contact the listing brokers with any questions about the property and for access to the deal room with full financials, additional photos and Seller Financing terms.
Property Details
- Class
- C
- Year Built/Renovated
- 1983/2023
- Stories
- 2
- Lot Size (sq. ft)
- 525,769 SF
- Units
- 51
Highlights
- Seller Financing
- Strong Cashflows
- 2-Story Floorplans
- Value Add Opportunity
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