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Property profile & analytics
OFF-MARKET
Land

14665 Parkwood Dr Surprise, AZ 85374

64,887 SF 3.14 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 64,887 SF
Lot 3.14 ac (136,778 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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