estrella duplex - loopnet€¦ · estrella duplex contents exclusively marketed by: laura good...

ESTRELLA DUPLEX

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3610 N ESTRELLA RD, ELOY AZ 85231

Estrella DuplexCONTENTS

Exclusively Marketed by:

Laura GoodRealtor: Commercial / Multi-Family Specialist(480) 406-1984License # [email protected]

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 4 Location Summary 5

02 Property Description Property Features 6 Aerial Map 7 Parcel Map 8

03 Rent Roll Rent Roll Details 9

04 Demographics Demographics 12 Demographic Charts 13

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from SJ Fowler Real Estate andit should not be made available to any other person or entity without the written consent of SJ Fowler Real Estate. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to SJ Fowler RealEstate. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level ofinterest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. SJ Fowler Real Estate has not made any investigation, and makes no warranty or representationwith respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, SJ Fowler Real Estate has not verified, and will not verify, any of theinformation contained herein, nor has SJ Fowler Real Estate conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for theircosts and expenses of investigating the subject property.

Estrella Duplex Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT SJ FOWLER REAL ESTATE FOR MORE DETAILS.Copyright © 2019 CREOP, LLC. All Rights Reserved.

Estrella Duplex Investment Summary | 04

OFFERING SUMMARYADDRESS 3610 N Estrella Rd

Eloy AZ 85231

COUNTY Pinal

MARKET Phoenix

SUBMARKET Southeast Valley

BUILDING SF 1,640

LAND SF 14,598

NUMBER OF UNITS 2

YEAR BUILT 2002

APN 404-18-026

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $149,000

PRICE PSF $90.85

PRICE PER UNIT $74,500

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 1,382 6,022 20,331

2019 Median HH Income $50,864 $41,697 $40,111

2019 Average HH Income $56,865 $53,486 $52,241

Estrella Duplex Location Summary | 05

Steady demand and a lack of construction have supportedapartment metrics in the Southeast Valley Submarket.While the submarket has the smallest inventory in metroPhoenix, robust population growth is generating demandfor rentals. No new product has delivered in the submarketsince 2008, and consistent demand compressed vacanciesnear all-time lows in recent quarters.

Affordability is one of the biggest demand drivers attractingresidents to the outskirts. Additionally, companyannouncements and other major projects are expected togenerate increased interest in the area. One of theseprojects includes Nikola Motor’s recent decision to locatean autonomous, hydrogen-electric semi-truckmanufacturing facility just south of Coolidge. The plant isexpected to be operational by 2022 and create 2,000 high-paying jobs.

Despite steady rent growth, the submarket still offers thelowest asking rents in the metro by a considerable margin.Private individual investors make up the majority of thesubmarket’s buyer pool. Most trades involve older andsmaller assets, commanding cap rates more than 100 basispoints above the market average.

Regional Map

Locator Map

Estrella Duplex Property Features | 06

PROPERTY FEATURESNUMBER OF UNITS 2

BUILDING SF 1,640

LAND SF 14,598

LAND ACRES 0.335

YEAR BUILT 2002

# OF PARCELS 1

ZONING TYPE GR

BUILDING CLASS C

TOPOGRAPHY FLAT

LOCATION CLASS C

NUMBER OF STORIES 1

NUMBER OF BUILDINGS 1

LOT DIMENSION 127.92 X 114.44 X 127.91 X 114.44

UTILITIESWATER TENANT

TRASH TENANT

GAS TENANT

ELECTRIC TENANT

RUBS TENANT

CONSTRUCTIONFOUNDATION Reinforced Concrete

FRAMING Tilt-Up Frame

EXTERIOR Block

PARKING SURFACE Asphalt

ROOF Comp Shingle

LANDSCAPING Desert

Estrella Duplex Aerial Map | 07

Estrella Duplex Parcel Map | 08

Property Report

Estrella Duplex - $149,0003610 N Estrella Rd

Eloy, AZ 85231United States

Presented by:

Laura GoodS.J. Fowler Real Estate

6360 E Brown Rd, #103Mesa, AZ 85205

Mobile: [email protected]

www.RealEstateTools.com © 2010-2015 Real Estate Tools 1

Estrella Duplex Rent Roll Details | 09

OverviewEstrella Duplex - $149,0003610 N Estrella RdEloy, AZ 85231United States

Laura Good480-406-1984

[email protected]

Purchase InfoSquare Feet (2 Units) 1,640Purchase Price $149,000Initial Cash Invested $149,000

Income Analysis Monthly AnnualNet Operating Income $974 $11,692Cash Flow $974 $11,692

Financial MetricsCap Rate (Purchase Price) 7.8%Cash on Cash Return (Year 1) 7.8%Internal Rate of Return (Year 10) 10.4%Sale Price (Year 10) $200,244

Very nice block construction duplex for sale. 100% occupied with both tenants that are month to month. Each unit is 2 bedrooms, 1 bath with 800 sf of living space per unit. Lots of changes coming to the Southeast Valley such as- Nikola Hybrid Semi Truck Plant - The company is currently developing a research and development facility in the heart of Phoenix and plans to build a million-square-foot manufacturing facility on the southern tip of Coolidge which is 20 minutes from Eloy. This will create jobs that will reach into Eloy, Arizona City and Casa Grande. Not to mention Lucid Motors is coming to Casa Grande which will also create jobs with their Electric car plant. Don't let this one pass you by... great opportunity to own a very nice duplex in a town that will be growing substantially with these new businesses coming to town.



Purchase AnalysisEstrella Duplex - $149,0003610 N Estrella RdEloy, AZ 85231United States

Laura Good480-406-1984

[email protected]

Purchase InfoPurchase Price $149,000+ Buying Costs $0+ Initial Improvements $0= Initial Cash Invested $149,000Square Feet (2 Units) 1,640Cost per Square Foot $91Monthly Rent per Square Foot $0.67Cost per Unit $74,500Average Monthly Rent per Unit $550

Financial Metrics (Year 1)Annual Gross Rent Multiplier 11.3Operating Expense Ratio 6.8%Cap Rate (Purchase Price) 7.8%Cash on Cash Return 7.8%

AssumptionsAppreciation Rate 3.0%Vacancy Rate 5.0%Income Inflation Rate 3.0%Expense Inflation Rate 3.0%LTV for Refinance 0.0%Selling Costs $8,940

Income Monthly AnnualGross Rent $1,100 $13,200Vacancy Loss -$55 -$660Operating Income $1,045 $12,540

Expenses (% of Income) Monthly AnnualInsurance (5%) -$50 -$600Taxes (2%) -$21 -$248Operating Expenses (7%) -$71 -$848

Net Performance Monthly AnnualNet Operating Income $974 $11,692- Year 1 Improvements -$0 -$0= Cash Flow $974 $11,692



Estrella Duplex Demographics | 12

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 1,031 3,607 12,765

2010 Population 1,425 4,549 17,865

2019 Population 1,382 6,022 20,331

2024 Population 1,573 7,278 22,374

2019 African American 32 174 1,139

2019 American Indian 51 220 854

2019 Asian 4 38 256

2019 Hispanic 851 3,560 11,213

2019 White 905 3,913 11,927

2019 Other Race 318 1,407 5,053

2019 Multiracial 71 265 871

2019-2024: Population: Growth Rate 13.10 % 19.30 % 9.65 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 59 380 1,442

$15,000-$24,999 58 279 742

$25,000-$34,999 24 178 619

$35,000-$49,999 58 316 1,032

$50,000-$74,999 122 346 1,158

$75,000-$99,999 54 281 776

$100,000-$149,999 26 182 483

$150,000-$199,999 6 23 150

$200,000 or greater 6 24 74

Median HH Income $50,864 $41,697 $40,111

Average HH Income $56,865 $53,486 $52,241

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 281 1,109 4,429

2010 Total Households 420 1,470 5,535



2019 Average Household Size 3.34 3.00 2.86

2000 Owner Occupied Housing 200 701 2,692

2000 Renter Occupied Housing 57 295 1,192

2019 Owner Occupied Housing 279 1,493 4,092


2019 Vacant Housing 74 471 1,701

2019 Total Housing 488 2,480 8,175

2024 Owner Occupied Housing 338 1,951 4,838


2024 Vacant Housing 87 554 1,945

2024 Total Housing 558 3,019 9,156

2019-2024: Households: Growth Rate 13.05 % 20.90 % 10.90 %

Source: esri

Estrella Duplex Demographic Charts | 13

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

Estrella Duplex Demographic Charts | 14

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

Estrella Duplex

Exclusively Marketed by:

Laura GoodRealtor: Commercial / Multi-Family Specialist(480) 406-1984License # [email protected]

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estrella duplex - loopnet€¦ · estrella duplex contents exclusively marketed by: laura good...

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