Level 3 Apartments
46 Unit Apartment Building | $9,200,000 ($200,000/Unit) | 5% Cap Rate | Fountain Hills, AZ 85268
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $9,200,000
- Property Type
-
Multifamily
- Square Feet
- 21,226 SF
Listing Contacts
Rich Butler
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to announce the opportunity to acquire Level 3 Apartments, a 46-unit multifamily community located in the scenic Fountain Hills submarket.? Directly east of North Scottsdale, the property is located in the heart of Fountain Hills, across the street from the famous Fountain Park, on the third floor of Fountain Park Hotel By Best Western Signature Collection.? This listing does not include the hotel.? The 58-key hotel is currently listed through Marcus & Millichap for $8,500,000.? With separate community areas, laundry facilities, clubhouse, fitness center, pool, and storage units for each tenant, this property combines the luxury-feeling of hotel living with the comfort of home.? With direct accessibility to Shea Boulevard and the Beeline Highway, commuting tenants are minutes from Scottsdale, Mesa, and east Phoenix.? Major employers in the area include the Scottsdale Mayo Clinic campus, We-Ko-Pa Casino Resort and Golf Club, and Falcon Field Airport.?
Property Details
- Class
- B
- Year Built/Renovated
- 2005/2022
- Stories
- 1
- Lot Size (sq. ft)
- 139,828 SF
- Units
- 46
Highlights
- 46-unit multifamily property located in scenic Fountain Hills
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].