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20405 Estrella Parkway - Villas at the Gin, 195 unit Multifamily

13.47 Acres of Commercial Land Offered at $6,250,000 in Maricopa, AZ 85139

Investment Highlights

  • Multifamily Land

Executive Summary

Rezoned Multi and nearly complete construction drawings for a 195 unit garden style apartment complex development with 70+ garages, a pool, pet amenities, and a clubhouse. Max density 20 units/acre, proposed density 19.17 units/acre. 78, 1 bedroom units, 99, 2 bedroom units, and 18, 3 bedroom units. 14 garage buildings with 5 spaces per building for 70 rentable garage spaces, 399 total parking spaces. This project is almost ready to come out of the ground for the right buyer.

Property Facts

Price $6,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 13.47 AC

1 Lot Available

Lot

Price $6,250,000
Price Per AC $463,994
Lot Size 13.47 AC

Max density 20 units/acre, proposed density 19.17 units/acre. 78, 1 bedroom units, 99, 2 bedroom units, and 18, 3 bedroom units. 14 garage buildings with 5 spaces per building for 70 rentable garage spaces, 399 total parking spaces.

Description

Rezoned Multi and nearly complete construction drawings for a 195 unit garden style apartment complex development with 70+ garages, a pool, pet amenities, and a clubhouse. Expected full approval in the near future. Max density 20 units/acre, proposed density 19.17 units/acre. 78, 1 bedroom units, 99, 2 bedroom units, and 18, 3 bedroom units. 14 garage buildings with 5 spaces per building for 70 rentable garage spaces, 399 total parking spaces.

zoning

Zoning Code Apartments (20 units per acre multifamily)
Apartments (20 units per acre multifamily)
  • Listing ID: 28174536

  • Date on Market: 4/7/2023

  • Last Updated:

  • Address: 20405 Estrella Parkway, Maricopa, AZ 85139

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