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    20405 Estrella Pkwy Maricopa, AZ 85139

    For Sale
    $6,250,000

    195-unit apartment complex, shovel-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity: The Villas at the Gin, a nearly shovel-ready 195-unit Class A apartment complex in Maricopa, Arizona, is available for $6,250,000. This multifamily property sits on a 10.47-acre lot (APN: 510-17-022-o) at 20405 N Estrella Parkway, 85139, and boasts completed rezoning and nearly fully approved construction drawings. The development plan includes a garden-style design featuring 78 one-bedroom, 99 two-bedroom, and 18 three-bedroom units. Residents will enjoy amenities such as a swimming pool, pet-friendly spaces, and a clubhouse. Ample parking is provided with 399 spaces, including 70 rentable spaces within 14 garage buildings (5 spaces per building). The proposed density of 19.17 units per acre is efficient, falling just below the maximum permitted density of 20 units per acre. This project is ideally positioned for immediate development, presenting a unique opportunity for a swift return on investment. The price per unit is $32,051.28. The property is zoned for multifamily use. This is a turnkey project ready for the next phase of development.

    Property Features for 20405 Estrella Pkwy

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    456,073 SF

    Building Details

    Buildings
    6
    Units
    195

    HighLights

    • Exceptional investment opportunity: 195‑unit Class A apartment complex in Maricopa, AZ, priced at $6,250,000 ($32,051.28 per unit).
    • Shovel‑ready project with completed rezoning and nearly fully approved construction drawings.
    • 10.47‑acre site (APN: 510‑17‑022‑o) at 20405 N Estrella Parkway, Maricopa, AZ 85139.
    • Garden‑style design featuring 78 one‑bedroom, 99 two‑bedroom, and 18 three‑bedroom units.
    • Amenities include a swimming pool, pet‑friendly spaces, and a clubhouse; 399 parking spaces (70 rentable garage spaces in 14 buildings).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maricopa
    County
    Pinal
    State
    Arizona
    Longitude
    -112.0587604
    Latitude
    33.0639727

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    FAQs

    What type of property is this?
    Multifamily property - 195-unit apartment complex, shovel-ready.
    Where is this multifamily property located?
    The property is located at 20405 Estrella Pkwy Maricopa, AZ.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 195-unit Class A apartment complex in Maricopa, AZ, priced at $6,250,000 ($32,051.28 per unit).; Shovel-ready project with completed rezoning and nearly fully approved construction drawings.; 10.47-acre site (APN: 510-17-022-o) at 20405 N Estrella Parkway, Maricopa, AZ 85139.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20405 Estrella Pkwy Maricopa, AZ 85139
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