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- LoopNet Team
202-302 E Lawrence Blvd
Avondale, AZ 85323
21 Unit Investment Portfolio BULK SALE · Build-to-Rent Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Construction Status | Demolished |
| Property Type | Build-to-Rent | Property Size | 28,140 sq ft |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Floors | 2 |
| Costar Property Class | B | Year Built | 2007 |
| Total Plot Size | 0.63 ac | Parking Allocation | 1.49/1,000 sq ft |
| Use Class | M-M | ||
| No. Units | 22 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.63 ac |
| Construction Status | Demolished |
| Property Size | 28,140 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 2007 |
| Parking Allocation | 1.49/1,000 sq ft |
| Use Class | M-M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
ABOUT 202-302 E LAWRENCE BLVD , AVONDALE, AZ 85323
Casa Lomas Townhomes in Avondale AZ is a quaint community built in 2007. Consisting of six buildings; 21 of 26 units being sold in bulk, all of which are three Bedroom / 2.5 Bathroom fee simple townhomes averaging 1,340 SF. The units are individually metered for utilities; tenant pays electric, water, sewer, & trash. Casa Lomas bulk townhome BULK SALE offering of twenty-one units provides an investor with a fully occupied, fee simple townhome bulk package with very low maintenance expenses and professionally managed HOA. The average monthly rent is approximately $856, or $0.64 PSF; slightly below submarket average of $950., OR $0.71 PSF. The Southwest Outlying Submarket rents have not yet reached their pre-recession highs. At $950 per month, asking rents are still about 3% below the metro average; however, demand significantly dropped following the recession and rent growth was subdued. Growth only recently declined, after expanding 2% in the past 12 months. Asking rents are predicted to reach their prerecession highs again in 2016 as demand for apartment units finally begins to climb. With absorption forecast to hold steady through 2019, average rent growth is projected The Casa Lomas Townhomes is situated in Central Avondale, walking distance to the Agua Fria Union High School. Excellent location just minutes from the I-10/Dysart Interchange in booming Avondale/Goodyear commercial/residential corridor with easy access to the rest of the Valleys Freeway systems. Surrounding area includes such retailers as Sam's Club, Home Depot, Wal-Mart, PetSmart, Lowes, Sportsmans, JC Penny Home, Kohl's, Target, Michaels, Best Buy, 99cents Only and more. Casa Lomas is near the Historic Avondale Art' s District, offering close proximity to cultural venues, restaurants, art galleries, city parks, and entertainment outlets.
