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1411, 1431 & 1461 N Recker Rd
Gilbert, AZ 85234
Asking Price
$3.75M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 6.44 acres <ul><li>Rare residential infill land opportunity in the Town of Gilbert</li><li>Frontage on Recker Road and Melody Drive providing excellent access and visibility</li><li>Ideal for custom home lot development, supported by strong buyer demand and limited infill supply</li><li>Flat topography, reducing development and site-prep costs</li><li>Utilities available, including electric (SRP), water and sewer (Town of Gilbert), and gas (Southwest Gas)</li><li>Approximately 2 miles from the full d
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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.68%
Monthly Payment
$18,552.954
Annual Cash Flow
$-142,635.447
