$8,750,000 Price Analysis    ♡   Phoenix, AZ 85027 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.86 acre lot. Built 2023 Listed 2023-10-23, Taxes $1,352 | Ⓧ USDA Ineligible due to price & location near Phoenix |
PRE-TCO OPPORTUNITY ZONE OFFERING Deer Valley 24 by Emery Lane is a brand new
24-unit apartment project, finishing late 2023 / early 2024. The property is located in the incredibly active Deer Valley submarket in North Phoenix where the massive TSMC chip facility is under development. Approximately 8 miles away, TSMC project is one of the most newsworthy commercial projects in the nation with an estimated $40 billion investment which is one of the largest foreign outlays in US history. In addition to the more than 10, 000 construction workers linked to the site, TSMC Arizona's projects are expected to create an additional 10, 000 high-paying high-tech jobs, including 4, 500 direct TSMC jobs. Deer Valley 24 is also about a mile away from the Deer Valley Airport and industrial hub. Other major employers and retail in the area include; HonorHeath Medical Center, Costco and the massive Deer Valley Town Center (Target, AMC Theaters, Michaels, etc.), all approximately a mile away. This location is as strong as it gets and allows residents to enjoy, with ease, so much of what all parts of Phoenix have to offer.
With many dining, shopping, entertainment and employment options, as well as multiple freeway access points within minutes, this property should prove to be a phenomenal investment opportunity. Deer Valley 24 by Emery Lane features 24 well-planned, large units in one of the best submarkets in the Valley. The project features a good unit mix of (20) 1, 150 SF 2-bed / 2-bath units and (4) 1, 250 SF 3-bed / 2-bath units. The units are all large and feel like single family r esidences with modern floor plans. Each unit has an interior washer / dryer and is individually metered for electricity. This project offers a rare, bite-sized, new-build in an extremely hot submarket. With the amount of employment (existing and new employment growth) in the area as well as the lack of new apartment development coming online in the near term in this submarket, Deer Valley 24 should lease up quickly and have strong occupancy into the future. Deer Valley 24 by Emery Lane is situated within an Arizona Opportunity Zone. The project has not yet received its temporary or final certificate f occupancy, so an investor may purchase the property Pre-TCO and potentially take advantage of the tax benefits allowed within the Opportunity Zone, if so desired.
Presented by John Klocek at
Abi Multifamily.
Property MLS #6621550 from ArizonaRegionalMLS
Lot Size Square Feet: 37449
Source Property Type: Multiple Dwellings
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $12,135 $12,135 | $1,352 |
| 2020 | $unknown + $15,225 $15,225 | $1,577 |
| 2019 | $unknown + $13,710 $13,710 | $1,531 |
| 2018 | $unknown + $12,390 $12,390 | $1,483 |
| 2017 | $unknown + $13,620 $13,620 | $1,435 |
| 2016 | $unknown + $16,365 $16,365 | $1,361 |
| 2015 | $unknown + $16,032 $16,032 | $1,301 |
| 2014 | $unknown + $10,128 $10,128 | $1,241 |
| 2012 | $unknown + $17,040 $17,040 | $2,239 |
| 2011 | $unknown + $18,320 $18,320 | $2,634 |
| 2009 | $unknown + $33,760 $33,760 | $2,476 |
| 2008 | $unknown + $28,960 $28,960 | $2,178 |
| 2007 | $unknown + $23,840 $23,840 | $1,959 |
$8,750,000
ArizonaRegionalMLS
Listing removed 2023-11-29
$0
ArizonaRegionalMLS
Listed 2023-10-23
$8,750,000
ArizonaRegionalMLS
Sold 2019-11-15
$182,500
Public Record
Listing removed 2014-04-26
$179,000
ArizonaRegionalMLS
Price Changed 2012-10-08
$179,000
ArizonaRegionalMLS
Price Changed 2012-09-28
$189,000
ArizonaRegionalMLS
Listed 2012-04-25
$199,000
ArizonaRegionalMLS
Sold 2005-05-24
$178,000
Public Record
Sold 2005-01-26
$145,000
Public Record
Sold 2000-07-14
$55,000
Public Record
Sold 1986-12-30
$57,500
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.