15427 Jerry St Surprise, AZ 85378
- Apartment buildings
- 31,280 SF
- 1.93 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 15427 Jerry St
- Year built
- 1987
- Lot size
- 1.93 lot acres
- Property size
- 31,280 SF
- Property type
- Apartment buildings
Description
This exceptional 34-unit apartment building in Surprise, Arizona, presents a compelling investment opportunity. Built in 1987 and situated on a 1.93-acre lot (APN 501-23-102C), this property boasts 31,280 square feet of net rentable space, comprised entirely of two-bedroom townhome-style units, each approximately 920 square feet. Each unit features a private patio and in-suite laundry, enhancing tenant appeal. All 34 units have undergone complete interior renovations. The property's prime location at 15427 N Jerry St, Surprise, AZ 85378, offers excellent visibility on Grand Avenue, a major roadway in the Northwest Valley submarket, and convenient access to Loop 303 and Loop 101 freeways, providing easy commutes to significant employment centers. The Northwest Valley's burgeoning economic growth, fueled by the substantial TSMC campus investment, further strengthens this property's long-term potential. The property is zoned R-3 and consists of six, two-story buildings. The asking price is $8,325,000. This presents a chance to capitalize on below-market rents and achieve significant rental premium growth. The property's strong fundamentals and strategic location make it an ideal addition to any investment portfolio. This is a multifamily asset with significant upside potential in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.327
- Latitude
- 33.6246
