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1456 E 9th St - Acacia Lofts

28 Unit Apartment Building Offered at $4,900,000 in Casa Grande, AZ

Investment Summary

• 28 existing condo quality units with 9ft ceilings, granite counter tops, full size washer/dryer connection, and direct access garages
• Full improved gated community with all the infrastructure in place for another 152 condo size units or 243 apartment size units
• Condo size units with an average of 1,622sqft
• All 28 units are 100% occupied and historically stay 100% occupied
• Immediate cashflow from the rental of the 28 units
• Option to immediately sell off the 28 individual units
• Community pool, playground, volleyball court and gazebos with BBQ grills already built
• Casa Grande recently announced 32,000 new jobs and 0ver $5B in Capital Invested from Lucid Motors, Nikola Motors, Attesa Motorsports, Dreamport Villages, and PhoenixMart
• Entire submarket occupancy is 95%+
• 2008 is the newest deal in the market with no new construction currently planned = sweet spot for optimal rental growth/lease up on first new project delivered
• Great walkability to Starbucks, Lowes, Homedepot, Walgreens, plus other retailers and restaurants
• Strategically position directly between Phoenix and Tucson with only approx. 30 minute drive to either major city
• Medium housing prices have increased 9% in Casa Grande over the past 12 months
• 20% population growth in Pinal County from 2010 – 2018
• Lucid Motors has recently submitted their site plan to the Casa Grande Planning and Development office for construction on their manufacturing plant.

The Offering

  • Listing ID: 17345044
  • Date Created: 10/2/2019
  • Last Updated:

Unit Mix Information

Description No. Units Avg. Rent/Mo Sq. Ft.
2+2 20 Negotiable 1,392 - 1,498
3+2 8 Negotiable 1,883

Amenities

Unit Amenities

  • Air Conditioning
  • High Speed Internet Access
  • Balcony
  • Refrigerator
  • Dishwasher
  • Carpet
  • Disposal
  • Grill
  • Washer/Dryer Hookup
  • Built-In Bookshelves
  • Heating
  • Patio
  • Kitchen
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Playground
  • Gated
  • Spa
  • Maintenance on site
Walk Score ®
Somewhat Walkable (57)
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code Multi-Family

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