High Density Multi-Family Development Opportunity
Offering Memorandum
TABLEOFCONTENTS
Mobile:630-740-1919
Jordan@TheLifestyleCollection.com
License#:SA670173000
4222NMarshallWaySuiteA AZ85251
Office:630-740-1919
EXCLUSIVELYPRESENTEDBY: 4 PROPERTYSUMMARY Overview InvestmentHighlights LocationHighlights 13 PHOENIX AboutPHOENIX
JORDANAYAN Agent
LAUNCHPOWEREDBY COMPASS
INVESTMENTSUMMARY
Location:Sunnyslopearea,Phoenix,AZ
Size:2+acres,acrosseightcontiguouslots
Offeredat:$3,745,000
Zoning:R-4(High-DensityResidential)
CurrentUse:Mixed(homesandatrailercourt-noneoccupied)
Address:9606-9620N12thSt/1140,1146&1150EVogelAve
PROPERTYSUMMARY
159-38-042,159-38-043A, 159-38-043B,159-38-044, 159-38-008,159-38-009, 159-38-011C,159-38-011B County Maricopa
Coordinates 33.573580,-112.057637
OfferingPrice $3,745,000 LotSize(acres) 2.04 ParcelID
INVESTMENTHIGHLIGHTS
Anexceptionalassemblyofeightcontiguouslotstotalingover2 acresinthevibrantSunnyslopeneighborhood,perfectforhighdensityresidentialdevelopment.
AlllotsarezonedR-4,idealforconstructingmulti-familyunits, enhancingthepotentialforasubstantialresidentialcomplex.
LocatedatthestrategiccornerofVogelAveandN12thStreet,this locationofferssignificantvisibilityandaccessibilitywithinahighdemandresidentialarea.
Theexistingmixofhomesandatrailercourtcanberedeveloped intoamodern,high-densitymulti-familycomplex,cateringto Phoenix'sgrowingdemandforresidentialhousing.
Thecombinedlotsizeandzoningallowancearerareopportunities todevelopasignificantmulti-familyresidentialprojectinoneof Phoenix'semergingneighborhoodsasdictatedbyordinance.
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LOCATIONHIGHLIGHTS
ThesepropertiesareprominentlylocatedintheSunnyslopearea,knownforitsresidentialappeal andcommunity-orientedlifestyle.
Easyaccesstomajorthoroughfares,publictransportationoptions,andproximitytodowntown Phoenixenhancethesite'sappealtoresidents.Thecombinedpropertiescoverover2acres, arrangedinahighlydesirableconfigurationofcontiguouslots,simplifyingthedevelopment process.
Existingstructuresincludeseveralhomesandatrailercourt,whichpresentpotentialforrental incomeorphasedredevelopment.
GiventheR-4zoning,thesiteisprimedforthedevelopmentofhigh-densitymulti-familyunits, suchasapartmentsorcondos,maximizingtheuseofspaceandcateringtourbanliving preferences.
Theprominentcornerlocationenhancesthedesignpossibilities,allowingforalandmark residentialcomplexwithamenitiestailoredtourbandwellers.
Phoenix'seconomiclandscapeismarkedbysteadygrowth,withsignificantinfrastructureand commercialdevelopmentinvestmentsbolsteringtheresidentialmarket.
Sunnyslope,inparticular,isbenefitingfromurbanrenewalefforts,makingitanincreasingly attractiveareafornewresidentsandinvestors.
TheSunnyslopearea'sdemographicprofileisatestamenttoitsstabilityanddiversity.Population growthintheareaisoutpacingthatofmanyotherpartsofPhoenix,whichisdrivenbyaffordabl livingoptionsandqualityoflife.
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DEMOGRAPHICS
POPULATION 1MILE 3MILE 5MILE 2000Population 17,684 103,305 331,214 2010Population 16,231 96,979 318,320 2023Population 16,651 103,351 350,514 2028Population 16,381 102,764 349,932 2023-2028GrowthRate -0.33% -0.11% -0.03% 2023DaytimePopulation 15,762 101,260 354,093 2023HOUSEHOLDINCOME 1MILE 3MILE 5MILE lessthan$15000 767 3,983 13,171 $15000-24999 861 3,238 11,603 $25000-34999 632 3,021 11,863 $35000-49999 995 4,922 19,882 $50000-74999 1,503 7,708 25,667 $75000-99999 1,033 5,679 18,711 $100000-149999 1,071 7,242 23,030 $150000-199999 527 3,676 9,885 $200000orgreater 319 4,968 14,325 MedianHHIncome $57,643 $72,087 $64,995 AverageHHIncome $80,851 $109,490 $101,498 HOUSEHOLDS 1MILE 3MILE 5MILE 2000TotalHouseholds 7,576 42,633 136,832 2010TotalHouseholds 7,157 41,088 133,105 2023TotalHouseholds 7,709 44,435 148,137 2028TotalHouseholds 7,657 44,678 149,763 2023AverageHouseholdSize 2.13 2.3 2.34 2023OwnerOccupiedHousing 3,765 25,317 76,788 2028OwnerOccupiedHousing 3,934 25,870 78,812 2023RenterOccupiedHousing 3,944 19,118 71,349 2028RenterOccupiedHousing 3,723 18,808 70,950 2023VacantHousing 814 3,252 11,843 2023TotalHousing 8,523 47,687 159,980
AREA
INCORPORATED 2/24/1881
POPULATION
POPULATION 1,608,139
ESTIMATE(NULL) 1,624,569
ABOUTPHOENIX
PhoenixisthecapitalandmostpopulouscityoftheU.S.stateofArizona,with 1,608,139residentsasof2020.Itisthefifth-mostpopulouscityintheUnited Statesandthemostpopulousstatecapitalinthecountry.Phoenixisthe mostpopulouscityofthePhoenixmetropolitanarea,alsoknownasthe ValleyoftheSun,whichinturnispartoftheSaltRiverValleyandArizonaSun Corridor.Themetroareaisthe10th-largestbypopulationintheUnited States.
CITYOFPHOENIX
CITY 519.3SQMI LAND 518.3SQMI SQMI 1086FT
RANK
DENSITY
URBAN
11
3,102.92SQMI
3,976,313
DISCLAIMER
Thisofferingmemorandumservesasaconciseoverviewofasignificantinvestment opportunityinPhoenix'sSunnyslopeneighborhood.Weinviteinterestedpartiesto explorethepotentialofthisuniquepropertyanddiscusshowitalignswithyour developmentobjectives.
Thisdocumenthasbeenpreparedtoprovideprospectivepurchaserswithsummary andunverifiedfinancialandphysicalinformationandtoestablishonlyapreliminary levelofinterestinthesubjectproperty.Theinformationhereinisnotasubstitutefora thoroughduediligence.
TheLifestyleCollectionandLaunchPoweredByCompasshasnotmadeany investigation.Itmakesnowarrantyorrepresentationwithrespecttotheincomeor expensesforthesubjectproperty,thefutureprojectedfinancialperformanceofthe property,thesizeandsquarefootageofthepropertyandimprovements,thepresence ofabsenceofcontaminatingsubstances,PCBsorasbestos,thecompliancewithlocal, stateandfederalregulations,thephysicalconditionoftheimprovementsthereon,or financialcondition.
PROPERTYSHOWINGSAREBYAPPOINTMENT ONLY.
PLEASECONTACTJORDANAYANAT 630-740-1919FORMOREDETAILS.
EXCLUSIVELY PRESENTEDBY: JORDANAYAN Agent
Mobile:630-740-1919 Jordan@TheLifestyleCollection.com License#:S-A670173000 LAUNCHPOWEREDBY COMPASS 4222NMarshallWaySuiteA Scottsdale,AZ85251 Office:630-740-1919