Level 3 Apartments | 12800 N Saguaro Blvd
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Level 3 Apartments 12800 N Saguaro Blvd
46 Unit Apartment Building $9,200,000 ($200,000/Unit) 5% Cap Rate Fountain Hills, AZ 85268
Investment Highlights
- 46-unit multifamily property located in scenic Fountain Hills
Executive Summary
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 Facts Under Contract
| Price | $9,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $200,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.21 AC |
| Cap Rate | 5% | Building Size | 21,226 SF |
| No. Units | 46 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2005/2022 |
| Property Subtype | Apartment |
| Price | $9,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.21 AC |
| Building Size | 21,226 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2005/2022 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Walk-In Closets
- Wi-Fi
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 37 | $1,295 | 325 |
| 1+1 | 9 | $1,395 | 550 |
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PROPERTY TAXES
| Parcel Number | 176-25-560 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,290,705 |
PROPERTY TAXES
Parcel Number
176-25-560
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,290,705
zoning
| Zoning Code | C-2 (Commercial Retail Office) |
| C-2 (Commercial Retail Office) |
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Level 3 Apartments | 12800 N Saguaro Blvd
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