1711 West Bell Road

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1711 West Bell Road

Phoenix, AZ 85023
Asking Price
$16.50M
Asset Type
Multifamily
Class
Class B

What's Special

1711 West Bell Road is situated in North Phoenix within a dense residential and commercial corridor. The property offers direct access to the Loop 101 Freeway and Interstate 17, facilitating commutes across the Phoenix metropolitan area. The surrounding neighborhood features a high concentration of retail centers, including the Arrowhead Towne Center and various plazas along Bell Road. Local amenities include numerous dining options, grocery stores, and healthcare facilities such as the HonorHealth Deer Valley Medical Center. Public transit stops are located along the primary thoroughfare, providing steady connectivity for residents. The location is well-suited for a multifamily development catering to a workforce demographic employed in the nearby Deer Valley and North Mountain employment hubs. Typical tenants likely include mid-level professionals, healthcare workers, and service industry employees seeking proximity to major transportation arteries and retail services. The site supports high-density residential use, functioning as a primary housing option for those prioritizing short commutes to local corporate offices and industrial parks. The surrounding infrastructure makes it an ideal fit for long-term rental housing or market-rate apartments.

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NOI
$80,000
Cap Rate
0.48%
DSCR
0.08
Underwater
Cash-on-Cash
-18.17%
Monthly Payment
$81,632.997
Annual Cash Flow
$-899,595.967

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