Phoenix, Arizona Augusta Cove is a 44-unit apartment community in Northwest Phoenix,
Arizona. Major cross streets are 27th Avenue and Northern Avenue. The
property...
Apartment Building - Augusta Cove
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $6,250,000 128,916 SF 101 N/A Multifamily Garden/Low-Rise
Highlights
Priced at $19,886/unit
Majority Single-Story Units
Situated on over 3 Acres w/ additional land for more units
Great Unit Mix Majority Two- Bedrooms
One Block South of Metrocenter Mall
Private Driveways
Description
Augusta Cove is a 44-unit apartment community in Northwest Phoenix, Arizona. Major cross streets are 27th Avenue and Northern Avenue. The property is one block south of Metrocenter Mall, which employs up to 4,000 Valley residents. The 1.4 million-square-foot center boasts an array of stores and eateries including three department stores - Dillard' s, Macy' s, and Sears, as well as a 12-screen Harkins Theatre and more than 120 specialty retailers. In addition, the property is directly across from the recently built 24,000 SF Vietnamese Martyrs Catholic Parish, the largest in Arizona.
The property is situated on five separate parcels and just over three acres of land consisting of mostly single-story duplex buildings with private driveways. The property offers a balanced unit mix consisting of 1 studio, 10 one-bedrooms, 30 two-bedrooms, and 3 three-bedrooms. The fi ve separate parcels would allow an investor to sell off the following packages; 1 three-unit property, 2 ten-unit properties, 1 six-unit property, and 1 fi fteen-unit property. Augusta Cove represents the opportunity for an investor to purchase a majority singlestory apartment community with low density, a great unit mix, and priced below $20,000/unit.
PLEASE CONTACT LISTING AGENT TO SCHEDULE A PROPERTY TOUR.