CURRENT PICTURES AS OF AUGUST 6, 2015
INVEST $395,000 - EARN $19,000 / MONTH, GET EQUITY OF $1,000,000 IN DEVELOPMENT
LISTING AGENT IS ALSO ONE OF THE PRINCIPALS
ALL INFORMATION DEEMED RELIABLE, BUYER TO VERIFY
P R O P E R T Y D E T A I L S
PLAY THE VIDEO ABOVE TO HEAR FULL DETAILS
IMPROVEMENTS & CONDITION
**** SAVINGS TO YOU ****
ZONED MF3 $50,000 + ONE YEAR
FULLY FENCED PROPERTY $60,000
CLEAN AND MAINTAINED PROPERTY $10,000
ELECTRIC, WATER, SEWER, CABLE, PHONE
PAVED ROAD TO THE PROPERTY
FULLY DEVELOPED AREA
WILL SUPPORT ANY DEVELOPMENTS
FINANCIALS
ASKING PRICE $395,000
LAST TIME SOLD FOR $680,000
ESTIMATED CONSTRUCTION COST $1,400,000
ESTIMATED DEBT SERVICE 4% $ 56,000
ESTIMATED RENTS $ 312,000
GROSS ANNUAL INCOME $ 256,000
GROSS MONTHLY INCOME $ 21,000
MCQUEEN 26 MULTIFAMILY
VACANT LAND FOR DEVELOPMENT
26 UNIT TOWN HOMES
26 UNITS CONDOMINUMS
26 UNIT APARTMENT COMPLEX
COMMERCIAL / INDUSTRIAL YARD
VACANT STORAGE LOT
LUXURY HOME ESTATE
FAMILY COMPOUND WITH SEVERAL HOMES
160 NORTH McQUEEN ROAD
CHANDLER, AZ. 85225
MARICOPA COUNTRY, ARIZONA
1.45 ACRES
ZONED MF-3 (18 UNITS PER ACRE)
PARCEL# 303-03-072 B
POTENTIAL OF OVER $12,000/M INCOME
$1,000,000 EQUITY UPON COMPLETION
ZERO DOWN SIDE: WORST CASE
​SELL AT A PROFIT OF 50% +
COMPARABLE COMMERCIAL PROPERTIES
WITH IN 1/2 MILE OF McQUEEN26 - SUBJECT PROPERTY
MOST COMP PROPERTIES ARE C2, C3, WHERE DEVELOPER CAN BUILD ONLY ONE BUILDING WITH 1-4 UNITS
ON McQUEEN26 DEVELOPER HAS THE CHOICE OF BUILDING SEVERAL BUILDINGS AND UP TO 26 UNITS
McQUEEN26 IS FAR SUPERIOR THAN COMPS AND UNDER PRICED