14665 Parkwood Dr Surprise, AZ 85374
This exceptional investment opportunity presents a fully improved, shovel-ready 63-unit multifamily development project located at 14665 W Parkwood Dr, Surprise, AZ 85374, in Maricopa County. The property, identified by APN 503-98-972, boasts a substantial 64,887 square feet on a 3.14-acre lot. Zoned PAD, the site is completely ready for construction, featuring completed infrastructure including curbs, gutters, sidewalks, fire hydrants, utilities, and retention areas. Detailed construction drawings are available. The unit mix comprises three 3-bedroom units, thirty-six 2-bedroom units, and twenty-four 1-bedroom units (twelve of which include dens). This Class B apartment building presents a compelling opportunity for immediate development, offering a significant return on investment. The asking price is $2,989,500. The property's prime location in Surprise, Arizona, ensures strong rental demand and potential for significant appreciation. This is a truly turnkey project, ready for immediate construction and occupancy. Don't miss this chance to acquire a high-value multifamily asset in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.