$7,800,000
Maricopa, AZ 85139
MLS# 6493642
1 / 9
Property Description
Completed rezoning and fully approved construction drawings for a 195 unit garden style apartment complex development with 70+ garages, a pool, pet amenities, and a clubhouse. Expected full approval in the second Quarter of 2023. DRB review scheduled for 5/8/23. The city has abandoned approx. 3 acres that are becoming part of this project. This should provide some additional drainage, but no additional units. 13.47 Gross acres, 10.47 Net acres. Max density 20 units/acre, proposed density 19.17 units/acre. 78, 1 bedroom units, 99, 2 bedroom units, and 18, 3 bedroom units. 14 garage buildings with 5 spaces per building for 70 rentable garage spaces, 399 total parking spaces.
Details
Maps
Documents
Contract Information
Current Price: $7,800,000
List Price: $7,800,000
Status: Active
List Date: 2022-11-28
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: W35
House Number: 20405
Compass: N
Street Name: Estrella
St Suffix: Parkway
Lot #: -
City/Town Code: Maricopa
State/Province: AZ
Zip Code: 85139
Country: USA
County Code: Pinal
Assessor's Map #: 17
Assessor's Parcel #: 22
Assessor Parcel Ltr: o
Add'l Parcels: No
Assessor Number: 510-17-022-o
Subdivision: AMENDED FINAL PLAT OF ESTRELLA GIN BUSINESS PARK 2019073078
Tax Municipality: Maricopa - CITY
Taxes: 24119.67
Tax Year: 2022
Marketing Name: Villas at the Gin
General Property Description
Apx Total Acres: 13.47
Apx Total Acres G/N: G
Price Per Acre: 579064.59
Apx SqFt: 586753.2
Price Per SqFt: 13.29
Apx SqFt G/N: G
Lot Size Dimensions: IRR
Zoning: Apartments
Remarks & Misc
Cross Street: SEC W. Edison Rd. & N. Estrella Parkway
Directions: From Edison and John Wayne Parkway, head West to the intersection of SEC W. Edison Rd. & N. Estrella Parkway
Geo Lat: 33.063782
Geo Lon: -112.057951
Status Change Info
Status Change Date: 2024-01-29
Legal Info
Lot Number: -
Pmt & Rate Info
Equity: 7800000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Contact Info
List Agent Home Phn: 480-703-3316
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Other (See Rmks)
Zoned Presently: Multi-Family; Bsns/Ind/Rsrch Prk; Other (See Rmks)
Potential Use: Multi-Family
Parcel Size: 10.00 - 19.99 Acres
Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Off Site Imp Needed; On Site Imp Needed; Other; See Remarks
Land Features: Gated Community; See Remarks
Water: Private Franchise; See Remarks
Sewer: Sewer - Public; Other (See Remarks)
Electric: Other (See Rmks)
Gas: SW Gas; Other (See Rmks)
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: CTL; Conventional; SBA; No Carry
Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb; Development Pln Aval; Other (See Rmks)
Environmental: Other (See Rmks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Garage Floor Plan 
Listing Office: eXp Realty
Last Updated: January - 29 - 2024
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Friday 19th of April 2024 03:00 PM