This listing is under contract.

2 of 4 different fourplexes under full remodel in Surprise AZ

12730 W Amy Dr Surprise, AZ 85378

12730 W Amy Dr, Surprise, AZ, 85378
12730 W Amy Dr, Surprise, AZ, 85378
UNDER CONTRACT FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,100,000
Cap Rate:
5.31%
Last Verified:
Jun 29, 2022

What an opportunity to own two fourplexes - Construction is still underway and completion should be in April of this year.​ There is 12717 W Amy that is also available to complete the package.​ Stackable Washer and Dyers have been added along with stainless appliances.​ Dual pane windows along with new roof and new air-conditioners.​ MANY MANY more upgrades.​ In this market many investors will write the contract and wait for the completion knowing that the good product is here! One other building has been finished is in escrow and currently has proven rents of $1,495 per door.​ Buyer to verify all facts and figures.​

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Map of 12730 W Amy Dr, Surprise, AZ, 85378

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.