tempe lake rio salado pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache...

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TEMPE LAKE University Dr McClintock Dr Apache Blvd Apache Blvd Rural Rd Rio Salado Pkwy The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa- tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18 Leroy Breinholt D: 480.966.6593 M: 602.377.4687 [email protected] Darin Edwards D: 480.214.1117 M: 480.628.8661 [email protected] Exclusive Contacts: Multi-family Land Development Opportunity With Existing Income 4 PARCELS • 1.01 ACRES 1836 E Don Carlos Ave $890,000 University Dr & McClintock Dr Tempe, AZ 85281 SITE

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Page 1: TEMPE LAKE Rio Salado Pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache blvd al rd rio salado pkwy 7khlqirupdwlrqfrqwdlqhgkhuhlqkdvehhqrewdlqhgiurpydulrxvvrxufhv

TEMPE LAKE

University Dr

McC

linto

ck D

r

Apache BlvdApache Blvd

Rura

l Rd

Rio Salado Pkwy

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa-tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18

Leroy BreinholtD: 480.966.6593M: [email protected]

Darin EdwardsD: 480.214.1117M: [email protected]

Exclusive Contacts:

Multi-family Land Development Opportunity With Existing Income4 PARCELS • 1.01 ACRES – 1836 E Don Carlos Ave $890,000University Dr & McClintock Dr • Tempe, AZ 85281

SITE

Page 2: TEMPE LAKE Rio Salado Pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache blvd al rd rio salado pkwy 7khlqirupdwlrqfrqwdlqhgkhuhlqkdvehhqrewdlqhgiurpydulrxvvrxufhv

PARCEL NO. ADDRESS 132-66-032 1836 E Don Carlos Avenue132-66-064 906 S Craver Place132-66-084 1835 E Randall Drive132-63-019A 1829 E Hayden Lane

Property Features • Opportunity for multifamily land development• Close to light rail/walking distance to asu• Centrally located to major freeways• Existing income in place• 1.01 Acres• Zoned R-6, City of Tempe

HOUSES ON SITE ±911 SF±1,152 SF±1,238 SF

2 of the 3 houses are being rented for $1,250 each.

Don Carlos Ave

Craver Place

Randall Dr

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa-tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18

Leroy BreinholtD: 480.966.6593M: [email protected]

Darin EdwardsD: 480.214.1117M: [email protected]

Exclusive Contacts:

Multi-family Land Development Opportunity With Existing Income4 PARCELS • 1.01 ACRES – 1836 E Don Carlos Ave $890,000University Dr & McClintock Dr • Tempe, AZ 85281

Page 3: TEMPE LAKE Rio Salado Pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache blvd al rd rio salado pkwy 7khlqirupdwlrqfrqwdlqhgkhuhlqkdvehhqrewdlqhgiurpydulrxvvrxufhv

Conceptual Site Plan

Site has 3 points of ingress/egress

132-66-032

132-66-064

132-66-084

132-63-019A

Don Carlos Ave

Craver Place

Randall Dr1

9

8

10

11

12

13

14

15

16

2 3 4 5 6 7

Randell Drive

Don Carlos Avenue

Craver Place

This property also has existing rental income from the three houses.

All the properties will be sold as one

transaction. All three houses have been

refurbished in multiple areas for new tenants.

The main property contains 8 green

houses in various sizes with the largest at

nearly 1,000 SF.

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa-tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18

Leroy BreinholtD: 480.966.6593M: [email protected]

Darin EdwardsD: 480.214.1117M: [email protected]

Exclusive Contacts:

Multi-family Land Development Opportunity With Existing Income4 PARCELS • 1.01 ACRES – 1836 E Don Carlos Ave $890,000University Dr & McClintock Dr • Tempe, AZ 85281

Page 4: TEMPE LAKE Rio Salado Pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache blvd al rd rio salado pkwy 7khlqirupdwlrqfrqwdlqhgkhuhlqkdvehhqrewdlqhgiurpydulrxvvrxufhv

Income/Expenses Income Monthly Annual

9069 S Craver Pl $1,250 $15,000835 E Randall Rd $1,250 $15,0001836 E Don Carlos Ave* $2,000* $24,000*

ExpensesTaxes & Insurance $5,700

Net Operating Income $48,300*1836 E Don Carlos Ave income is a projected, not actual amount.

Demographics Population 1 Mile 3 Mile 5 Mile

2017 Total Population: 26,001 151,277 353,606

2022 Population: 28,444 163,254 382,089

Pop Growth 2017-2022: 9.40% 7.92% 8.06%

Average Age: 29.90 33.30 34.70

Households

2017 Total Households: 11,593 60,829 141,065

HH Growth 2017-2022: 8.86% 8.09% 7.91%

Median Household Inc: $26,695 $40,999 $44,597

Avg Household Size: 2.20 2.20 2.40

2017 Avg HH Vehicles: 1.00 1.00 2.00

Housing

Median Home Value: $149,541 $182,107 $192,810

Median Year Built: 1981 1976 1978

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa-tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18

Leroy BreinholtD: 480.966.6593M: [email protected]

Darin EdwardsD: 480.214.1117M: [email protected]

Exclusive Contacts:

Multi-family Land Development Opportunity With Existing Income4 PARCELS • 1.01 ACRES – 1836 E Don Carlos Ave $890,000University Dr & McClintock Dr • Tempe, AZ 85281

Page 5: TEMPE LAKE Rio Salado Pkwy · 2018-02-16 · tempe lake university dr ock dr apache blvd apache blvd al rd rio salado pkwy 7khlqirupdwlrqfrqwdlqhgkhuhlqkdvehhqrewdlqhgiurpydulrxvvrxufhv

PhoEnix

TEMPE Rio SALADo PARK

CAMELBACKEAST viLLAgE

PhoEnixzoo

PAPAgoPARK

CAMELBACK

Broadway Rd

Univesity DrApache Blvd

McKellips Rd

McDowell Rd

McClintock DrRural Rd

Mill Ave

Priest Dr

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representa-tion about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 01 29 18

Leroy BreinholtD: 480.966.6593M: [email protected]

Darin EdwardsD: 480.214.1117M: [email protected]

Exclusive Contacts:

Multi-family Land Development Opportunity With Existing Income4 PARCELS • 1.01 ACRES – 1836 E Don Carlos Ave $890,000University Dr & McClintock Dr • Tempe, AZ 85281