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11830 N 28th Drive Phoenix, AZ $ 6,900,000
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$ 6,900,000 Get more info
11830 N 28th Drive
$ 6,900,000
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New Construction
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11830 N 28th Drive

Phoenix, AZ, 85029
$ 6,900,000
Baths0.0

Monthly Estimate*

$ 43,047

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $6,900,000. This home was built in 2024.

UNDER CONSTRUCTION - PROJECTED COMPLETION JANUARY 2026 Gated Townhome Complex, 12 4bd/3bth trilevel, 2215sf units. There are two buildings, each end unit benefits from additional windows and a larger balcony! Each unit is completed with the same modern and low maintenance finishes - 10' ceilings on main floor, white cabinetry, quartz countertops, 2 car tandem garage for each unit, in unit washer/dryer, stainless steel appliances! There will be a community pool in the sw corner of complex and each unit will have their own backyard with green space! There will be 13 additional parking spaces (outside of the garage space with 1 of them ada). 26,400 rentable area of property on nearly an acre! Most recent appraisal for project finished and stabilized was $7,700,000 in late 2023. Owner would consider selling in current condition (adjusting for price accordingly) so buyer can have opportunity to finish project to their own specs.

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Multi-Family Active

Price

$ 6,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,897

Style

Multiple Dwellings

Year Built

2024

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6723250
Features
General
Sewer Public Sewer
Heating Electric Ceiling
Cooling Ceiling Fan(s) Electric
Roof Foam
Zoning c1
Construction Materials Brick Veneer Wood Frame Painted Stucco
Year Built 2024
Electric APS Master Meter Individual Meter
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 465120.0
Community Features Pool
County Maricopa
Net Operating Income 389515.0
Operating Expense 15897.0
Property Type Multiple Dwellings
Attached Garage Y
Garage Y/N Y
Status Active
Directions South on 28th Drive property is on the right (west side of rd).
City Phoenix
Disclosures None
High School District Glendale Union High School District
Open Parking Spaces 13.0
Number Of Units Total 12
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 15897.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Lot 3
Cap Rate 5.65
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Garage Door Opener Attached
Water Source Master Meter City Franchise
Total Parking 37.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions irregular
Lot Size Acres 0.0
Covered Spaces 24.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 11830
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* Excluded Features
List By
Prestige Realty

Broker

tcupes@yahoo.com

Email

Affordability Calculator

$44,372
Per Month
97%
3%
0%
Monthly Principal & Interest
$43,047
Monthly Property Taxes
$1,325
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/18/2024$6,900,000 -10.39% Price Down
6/24/2024$7,700,000 Listed Price

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11830 N 28th Drive, Phoenix, AZ, 85029 is a Multi-Family Home for sale at $6,900,000. 11830 N 28th Drive is a studio with 0.0 baths and was built in 2024. The property's zip code is 85029 which is in Phoenix, AZ

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