11830 28Th Dr Phoenix, AZ 85029

This exceptional Phoenix retail investment property, located at 11830 N 28th Dr, offers a compelling opportunity. Currently under construction with projected completion in October 2024, this complex comprises two buildings encompassing 12 four-bedroom, three-bathroom tri-level townhomes, each boasting 2,100 square feet. The modern design features 10-foot ceilings on the main floor, white cabinetry, quartz countertops, and stainless steel appliances. Each unit includes a two-car tandem garage, in-unit washer/dryer, and a private backyard with green space. End units enjoy added windows and larger balconies. Community amenities include a swimming pool. The property sits on nearly an acre and offers 37 parking spaces, including 13 additional spaces beyond the garages (one ADA compliant). The total net rentable area is 26,400 square feet. The property is zoned C1 and features a strong NOI of $389,515, resulting in an attractive 5.06% cap rate. Offered at $7,700,000 fee simple. The APN is 149-63-720. This is a prime investment opportunity in a thriving Phoenix market.