NOTE: An Affiliate of the Seller Holds An Arizona Real Estate License

Units: 153

Average Square Feet: 954

Year Built: 2019

Adjacent to 83-Acre Pioneer Regional Park

Craftsman-Inspired Bungalow Homes

16 Detached Garages

THE BUNGALOWS ON OLIVE presents an unusually dynamic opportunity to acquire a new and recently physically stabilized luxury rental community offering private homes within a gated community. Bungalows has been meticulously designed to attract today’s discerning renter who seeks the comforts and advantages of a new home while enjoying the maintenance-free conveniences of apartment living avoiding the costs that accompany home ownership such as a mortgage and repairs / maintenance.

Bungalows is offered on a free and clear basis so a buyer may choose financing at its option. Many lenders, including Freddie Mac, Fannie Mae, life companies, and banks will be interested in providing permanent loans for this stellar community.

THE ASSET

UNIT AMENITIES

  • Ten Foot Ceilings
  • Quartz Coiuntertops
  • Dual-Pane Windows
  • Wood-Inspired Plank Flooring
  • Wood Colored Cabinetry
  • Stainless-Steel, Energy-Efficient Appliances
  • Two-Tone Paint
  • Ceiling Fan
  • Fire Sprinklers
  • Full-Size Washer / Dryer
  • Inviting Front Porch
  • Private, Fenced Enclosed Backyard

*Select Units

 

COMMUNITY AMENITIES

  • Shimmering Resort-Style Pool
  • Tranquil Spa
  • Ramada Area & Outdoor Lounge
  • Pet sPAW & Dog Wash
  • 16 Garages
  • Gated Residential Neighborhood
  • Direct Access to Pioneer Regional Park

NUMBER OF UNITS............. 153

YEAR BUILT.......................... 2019

PARCEL #............................. 142-21-010

TYPE OF BUILDINGS........... 127 One-Story

METERING........................... Individual

AVERAGE SF........................ 954

TOTAL SF............................. 145,918

DENSITY.............................. 12.094

DEFINED ACREAGE............ 12.65

HVAC................................... Individual

HOT WATER......................... Individual

EXTERIOR............................ Frame, Stucco, Stone

ROOF.................................... Gable Tile

COVERED PARKING............ 155

OPEN PARKING................... 121 DETACHED GARAGES......... 16

ONE BEDROOM | ONE BATHROOM 634 SQUARE FEET

TWO BEDROOM | TWO BATHROOM

990 SQUARE FEET

THREE BEDROOM | TWO BATHROOM

1,314 SQUARE FEET

LOCATION

Bungalows is strategically situated in the Peoria / Northwest Glendale sector of Metro Phoenix, one mile east of the vibrant Loop 101 Freeway Corridor close to significant demand generators such as The Westgate Entertainment District, Desert Diamond Casino, City of Peoria Municipal Complex, and several nearby hospital installations. Also convenient to Bungalows are the state-of-the-art and recently opened Spring Training complexes for 6 major league baseball teams, Gila River Arena – home of the NHL Phoenix Coyotes, State Farm Stadium – home of the NFL Arizona Cardinals, Luke AFB, various schools and retail outlets, plus numerous concentrations in and around the I-10 and Loop 303 corridors.

INVESTMENT ADVISORS

mark forrester

Senior Managing Director

602.912.1630

Mark.Forrester@berkadia.com

RIC HOLWAY

Senior Managing Director

602.912.1633

Ric.Holway@berkadia.com

DAN CHEYNE

Senior Director

602.522.5212

Dan.Cheyne@berkadia.com

PHOENIX OFFICE

2525 E. Camelback Road

Suite 1150

Phoenix, AZ 85016

Phone: 602.955.1122 | Fax: 602.955.9611

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

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