Property profile

16601 Parkview Pl Surprise, AZ 85374

OFF-MARKET
Residential income homes
1,454 SF Built 2024
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Property summary

AI-generated overview

This exceptional 27-unit townhome community, completed in 2024, presents a compelling investment opportunity in the thriving city of Surprise, Arizona. Located at 16601 N Parkview Pl, Surprise, AZ 85374, this Class A multifamily property boasts 1,454 square feet per unit, spread across a single story. Each unit features a two-car attached garage and a private yard, offering residents desirable amenities. The community further enhances the living experience with a refreshing community pool. Surprise, Arizona, consistently ranked among the top 25 fastest-growing U.S. cities since 2020, exhibits robust rental demand and occupancy rates. This strong market performance is fueled by Surprise's rapid development and the increasing preference for single-family rental (SFR) and built-to-rent (BTR) properties, particularly given the current high costs of homeownership. This boutique townhome community is ideally situated in the heart of Surprise's city center, providing residents with convenient access to local amenities and services. The property's modern design and desirable features position it to capitalize on the continued growth and demand within the Surprise market. This is a rare opportunity to acquire a high-quality, newly constructed multifamily asset in one of the nation's fastest-growing cities.

Property profile

Verified
Property type Residential income homes
Year built 2024
Total area 1,454 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16601 Parkview Pl Surprise, AZ 85374
Surprise metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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