Villa Angela ApartmentsLocation 1727 West Cholla Street Phoenix, Arizona 85029 List Price $700,000...

Investment Property Offering

A 32 Unit Apartment Complex Located in Phoenix, ArizonaCall for Offers July 26, 2010

Villa AngelaApartments

1727 West Cholla Street Phoenix, AZ

Bill Hahn Senior Vice President 602 222 5105 – Direct 602 418 9578– [email protected]

Jeffrey Sherman Senior Associate 602 222 5109 – Direct602 694 1127 – [email protected]

Trevor Koskovich Senior Associate602 222 5145 – Direct480 227 7420 - [email protected]

www.colliers.com/phoenix

Table of Contents IExecutiveSummary 1

IIFinancialSummary 3

IIIComparables Rent 4 Sales 7

IVPropertyPhotos 9

VLocationMaps AerialFar 10 AerialClose 11 ParcelMap 12 VIAppendix LegalDisclaimer

Location 1727 West Cholla Street Phoenix, Arizona 85029

List Price $700,000

Price Per Unit $21,875

Price Per Square Foot $27.34

Total Units 32

Building Square Footage 25,600

Number of Buildings 4

Land Acres 1.27

Executive Summary

EXECUTIVE SUMMARY | COLLIERS INTERNATIONAL | 1

Cross Street 19th Ave. & Cholla St.

Market Phoenix

Sub Market North Mountain

Year Built 1986

Building Class C

Location Class C

HVAC Individual

Tax Parcel Number 159-12-028 & -037-K Foundation Type Concrete Slab

Number of Stories 2



EXECUTIVE SUMMARY | COLLIERS INTERNATIONAL | 2

Executive Summary

AREA DESCRIPTION

Villa Angela Apartments is located at 1727 W.Cholla Street in Phoenix, Arizona. The propertyissituatedjusteastof19thAvenue,amajornorth-south thoroughfare running through Phoenix.Metrocenter Mall, a large regional mall withanchors that include Macy’s and Sears, is twomiles west of Villa Angela Apartments, offeringresidentseasyaccesstoaprominententertainmentandretailvenue.VillaAngelaApartmentsisalsoconvenient to public transportation, with busservicesprovidedalong19thandPeoriaAvenues.

The area immediately surrounding Villa AngelaApartments is comprised of a wide range ofproperty uses, but is primarily residential incomposition. Parks, schools, and other publicfacilitiesarelocatedinthevicinityoftheproperty.Shaw Butte Elementary School and Cave CreekSports Complex Parks are located within easydistances from Villa Angela. Neighborhoodshopping is abundant along 19th and PeoriaAvenues. Close-by employment generators areconcentrated along the I-17 Corridor, 1.5 milestothewest.Opportunitiesforhighereducationinproximity from Villa Angela Apartments includeArizona State University West Campus, BrymanSchool, and Western International University.

PROPERTY DESCRIPTION

VillaAngelaApartmentsisatwo-storyapartmentcommunity built in 1986, comprising 32 rentalunits. The unit mix consists entirely of two-bedroom units of approximately 800 square feeteach.Constructionisofframeandpaintedstucco,withpitchedroofs.Heatingandcoolingisprovidedby individual roof-mounted air conditioningunits. The property is individually-metered forelectricity, and the costs associated with usageinsidethedwellingunitsistheresponsibilityofthe

residents.Thecostofwater,sewercharges,andtrashcollectionistheresponsibilityoftheowner.

The buildings at Villa Angela are situatedsurrounding three separate courtyardswhich contain a swimming pool and ampleoutdoor community areas. The property offers40 parking spaces, providing a parking densityof 1.25 spaces per unit. There is an on-sitelaundry facility at the property. North MountainPreserve is situated just east of the property,giving residents convenient access to one ofthe city’s most prominent recreational venues.

The property has minimal landscaping whichallows for mitigated operating expenses. Oneapartment unit is currently being used as rentaloffice located in the middle of the complex.

The four buildings at Villa Angela Apartmentsare constructed on two parcels comprising 1.27acres at a density of 25.19 units per acre. Thebuildings provide 25,600 rentable square feet.



Estimated Stabilized Operations

FINANCIAL SUMMARY | COLLIERS INTERNATIONAL | 3

Year Built 1986

Total Units Total Square Feet32 25,600

Units Type Sq. Ft.

EstimatedStabilized

RentEstimatedStabilized

32 2BD/1BA 800 $450 14,400$

Monthly Scheduled Gross Rent 14,400$

Annual Scheduled Gross Rent Stabilized 172,800$ Physical Vacancy 12.0% ($20,736)Economic Vacancy* 8.0% ($13,824)*Concessions, credit loss, turnover, etc.

Total Vacancy 20.0% ($34,560)Net Rental Income 138,240$

Other Income *Estimated at $10/month/occupied unit 3,379$

Gross Operating Income $141,619

OPERATING EXPENSESProperty Taxes *Actual 2009 Taxes 14,306$ Insurance *Estimated At $150/unit 4,800$ Maintenance & Repairs *Estimated At $600/unit 19,200$ Electricity *Estimated At $150/unit 4,800$ Sewer and Water *Estimated At $200/unit 6,400$ Trash *Estimated At $100/unit 3,200$ Payroll *Estimated At $900/unit 28,800$ Management Fee *Estimated To be 4% of Collected Rent 5,530$ Administrative Expenses *Estimated At $115/unit 3,680$ Total Operating Expenses 90,716$

Operating Cost Per Unit 2,835$ Operating Cost Per Sq Ft 3.54$

Net Operating Income $50,904



Note: Rents, Vacancy and Operating Expenses are estimated at time of property stabilization. Current and historical operating data may be significantly different than what is represented herein.

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Villa

Ang

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Apa

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1727

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Pho

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, AZ

Moon ValleyCountry Club

North/SouthGC

Quail RunGC Scottsdale Country Club

Sun CityCC

CountryMeadows GC

StateCapitol

AmericaWest Arena

Tempe DiabloStadium

Salt R iver Pima-MaricopaIndian Rese rvation

Fort McD owellMohave-Apache

Indian Rese rvation

Gila R iverIndian Rese rvation

Lost DutchmanState Park

Est rella MountainRegional Park

Phoenix South Mountain Park

TontoNat'l

Forest

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ThunderbirdPark

White TankMountain

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LakePleasant

BartlettReservoir

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Carefree Hwy

Dove Valley Rd

Lone Mtn Rd

Morristown Hwy

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Dixileta Dr

Lone Mountain Rd

Happy Valley Rd

51st

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51st

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51st

Ave

19th

Ave

67th

Ave

67th

Ave

67th

Ave

35th

Ave

83rd

Ave

83rd

Ave

Pinnacle Peak Rd Pinnacle Peak Rd

Jomax Rd

Pinnacle Peak Rd

Pinnacle Peak Rd

59th

Ave

40th

St

Deer Valley Rd

Canal

Rd

Deer Valley Rd

75th

Ave

75th

Ave

Johnson Blvd

El M

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Rd

Beardsley RdBeardsley RdBeardsley Rd

43rd

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32nd

St

32nd

St

99th

Ave

91st

Ave

91st

Ave

107t

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7th

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Union Hills DrUnion Hills Dr

El M

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Bell RdBell RdBell Rd

64th

St

64th

St

64th

St

56th

St

Dysa

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Surp

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Ave

Hayd

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d

Bush Hwy

Greenway RdGreenway

RdGreenway Rd

Bear

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d

Fountain

Hills Blvd

59th

Ave

Palisades

Blvd

Thunderbird RdThunderbird Rd Thunderbird Rd

111t

hAv

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Sweetwater Ave

24th

St

24th

St

Cactus RdCactus Rd 66th StCactus Rd

108t

h St

96th

St PalominoBlvd Kingstree

BlvdShea BlvdPeoria Ave

44th

St

Via Linda

Mountain View Rd

104t

h St

Doubletree Ranch RdDunlap AveOlive Ave

Cent

ralA

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27th

Ave

Via DeVentura

Beeline Hwy

Northern Ave16

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t

Litc

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ld R

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Glendale Ave

Lincoln Dr

63rd

Ave

105t

hAv

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Inve

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Rd

Mcdonald DrBethany Home Rd

20th

St

Bush Hwy

Camelback RdCamelback Rd

Pim

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Pim

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Pima Frwy

Indian School Rd

Papago Frwy

Indian School RdIndian School Rd

Osborn Rd

Reck

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d

Thomas Rd

Powe

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Thomas Rd

115t

hAv

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Grand Ave

Encanto Blvd Oak St

52nd

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Reem

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195t

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Tuth

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Mcdowell Rd Mcdowell RdMcdowell Rd

ValV

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Higl

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Colle

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Red Mountain Frwy

Maricopa Frwy

Santan Frwy

Mckellips RdVan Buren St

Mcc

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99th

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Stap

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Washington St

7th

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7th

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19th

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Cent

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24th St

24th

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59th

Ave

User

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91st

Ave

51st

Ave

35th

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Curry Rd

Jack

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Sky Harbor Blvd Brown RdBrown RdYuma Rd

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Western Ave

Mill

Ave

Prie

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Rura

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Estre

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Hard

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40th

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40th

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52nd

St Main StMain StMain St Apache TrlApache Blvd

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Alm

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Rd

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Powe

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Coun

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Gilb

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48th

St

48th

St

Broadway Rd Broadway RdBroadway Rd Broadway Ave

32nd

St

32nd

St

Soss

aman

Rd Pueblo Rd

Southern AveSouthern AveSouthern Ave

Baseline Rd Baseline RdBaseline Rd Baseline Rd

Mcq

ueen

Rd

20th

St

Guadalupe Rd Guadalupe RdDobbins Rd

44th

St

Price

Frw

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Elliot Rd Elliot RdCo

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Rd

Warner Rd

Ellsw

orth

Rd

Ray Rd

Rura

l Rd

Ray Rd

Williams Field RdChandler BlvdChandlerBlvd Ar

izona

Ave

Dese

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othil

lsPk

wy

Liberty LnPecos Rd

Pecos Rd

Mar

icopa

Rd

Higl

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d

Beltline Road

Queen Creek RdQueen Creek Rd

Gilb

ert R

dG

ilber

t Rd

Mer

idia

n Rd

Alm

a Sc

hool

Rd

Riggs Rd

Price

Rd

Dobs

on R

d

Hunt HwyHunt Hwy

Apache

Trl

Mckellips Blvd

Corte

z RdIro

nwoo

d Dr

Mer

idia

n Rd

Idah

o Rd

Lost Dutchman Blvd

Superstition Blvd

Holm

es R

d

Mou

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nVi

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dOld West Hwy

Gol

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ld R

d

Tom

ahaw

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Southern Ave

Moe

ur R

d

Mou

ntai

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Vine

yard

Rd

Vine

yard

Rd

Indian Rt 3

Combs Rd

Schn

epf R

d

Hunt Hwy

Queen Creek Rd

Qua

il Run

Ln

128th

Ave

Stardust Blvd

DelW

ebb Bl

vd Greenway Pkwy

Cave Creek Rd

Frank Lloyd Wright Blvd

SaguaroBlvd

WarnerEl

liot L

oop

Jomax Rd

Citru

s Rd

Waddell Rd

Glendale Ave

Camelback Rd

Perry

ville

Rd Thomas Rd Thomas Rd

Sunr

ise B

lvd


Greenway Rd

Cotto

n Ln

Sariv

alAv

e

Reem

s Rd

Bulla

rdAv

e

Litc

hfie

ld R

d

Cactus Rd

Peoria Ave

Lind

say

Rd

Reck

er R

dRe

cker

Rd

Soss

aman

Rd

Hawe

s Rd

Crimson Rd

Coop

er R

d

ValV

ista

Dr

Rittenhouse Rd

Gre

enfie

ld R

dPecos Rd

Mcq

ueen

Rd

Germann Rd

Queen Creek Rd

Crism

on R

d

Reeb

s Rd

Ocotillo Rd

Chandler Heights Rd

Riggs Rd

Germann Rd

Pima Rd

Kenw

orth

y Rd

Ocotillo Rd

Mes

a Rd

Coun

try C

lub

Dr

Indian School Rd

Thomas Rd

Indian Bend Rd

CanalBank Rd

Hawe

s Rd

Germann Rd

Prie

st D

r

Kyre

ne R

d75thAve

27th

Ave

35th

Ave

Dobbins Rd

Elliot Rd

75th

Ave

Elliot Rd 59th

Ave

Carver Rd

Estrella Dr

Saint Johns

Mission Rd

Pecos Rd

43rd

Ave

75th

Ave

67th

Ave

83rd

Ave

Lower Buckeye Rd

107t

hAv

eLower Buckeye Rd

123r

dAv

e Broadway Rd

Southern Ave

Indian Springs Rd

Southern Ave

Citru

s Rd

Broadway Rd

Airp

ort R

d

Beloat Rd

93rd

Ave

27th

Ave

43rd

Ave

Pyra

mid

Pea

k Pk

wy

33rd

Ave

16th

St

Desert Hills Dr

17th

Ave Joy Ranch Rd

Cloud RdCloudRd

64th

St

Happy Valley Rd Alm

aSc

hool

Rd

Jomax Rd

116t

h St

118t

h St

64th

St

Deer Valley Rd

McDowell Rd

Dean

Rd

Lower Buckeye Rd

Elliot Rd

RainbowValley Rd

Tuth

ill Rd

Narramore Rd

Ray Rd

155t

hAv

e

171s

tAve

Williams Field Rd

163r

dAv

e

203r

dAv

e

Queen Creek Rd

Ocotillo Rd

Sand

ia R

d Buenos Aires Rd

Riggs Rd

Hunt Hwy

Tuth

ill Rd

Ocotillo Rd

Skyline Dr

Thom

pson

Rd

Phillips Rd

Indian Route 60

187t

hAv

e

211t

hAv

e

Dove Valley Rd

219t

hAv

e

Sariv

alAv

e16

3rd

Ave

Mou

nbat

ten

Rd

Dixileta DrBradley Rd

203r

dAv

e

Croz

ier S

t

Patton Rd

195t

hAv

e

Jomax Rd

Happy Valley Rd

Deer Valley Rd

136t

h St

Lone Mountain Rd

144t

h St

160t

h St

168t

h St

174t

h St

152n

d St

128t

h St

Bulla

rdAv

e

Wickenburg Hwy

Grand Ave

Grand Ave

Buckeye Rd

Main St

Black Canyon Hwy

Agua

Fria

Frw

y

Blac

k Ca

nyon

Frw

y

Pies

tewa

Frw

y

HohokamExwy

Red Mountain Frwy

48th

St

Pearl Harbor Memorial Hwy

Mar

icopa

Frw

y

Superstition Frwy

S Ra

inbo

w Rd

Jack

rabb

it Trl

Bulla

rdAv

e

Patterson Rd

EaglesNest CC

Palm ValleyGolf Club

WildlifeWorld Zoo

WigwamCC

Club WestGolf Club

FoothillsGolf Club

Harrahs/Gila R iverCasinos

Arizona Biltmo reCountry Club

San Ma rcosCC

Mccormick RanchGolf Club

Happy TrailsGolf Resort

ArrowheadRanch CC

LegendGolf Resort

PointeGolf Club Stonecreek

GC

The 500Club

Tatum RanchGolf Club

Gainey RanchGolf Club

TournamentPlayers Club

GrayhawkGolf Club

Fountain HillsGolf Club

Troon NorthGolf Club

BouldersClub

Tonto VerdeGolf Club

Gold Can yonGolf Club

Deer ValleyGC

StardustGC

Briar woodCC

Echo MesaGC

Hillc restGC

GrandviewGC

The VistasGC

WestbrookVillage GC

Willowbrook andWillowcreek GC Union Hills

CC

Co yoteLa kes GC

PebblebrookGC

RiverviewGC

PalmbrookCC

PeoriaStadium

La ke East/West GC

Phoenix CommunityCollege

Grand Can yonCollege

Phoenix JuniorCollege


Mesa CommunityCollege

Arizona StateUniversity

ScottsdaleCommunityCollege

Glendale CommunityCollege

SouthwesternCollege

Phoenix-Deer ValleyMunicipal Airport

ScottsdaleAirport

FalconField

Phoenix Sky HarborInt'l Airport

Phx -MesaGateway

ChandlerMunicipal

Airport

MARICOPAPINAL

Scottsdale

CaveCreek

DesertHills

Anthem

Ca refree

Peoria

PHOENIX

Surprise

Glendale

Sun CityWest

SunCity Fountain

Hills

ElMirage

Youngtown

ParadiseValleyLu ke

AFB

Litch fieldPark

MesaGoodyear

Goodyear

Est rellaMountain

Ranch

Avondale

Buc keye

Tolleson

Tempe

GilbertChandler

Komatke

SantaCruz

Cashion

QueenCreek

ApacheJunction

60

60

85

74

74

74

87

88

153 143

101

303

303

101

51

87

101

101

87

236

347

587

60

60

17

17

10

10

17

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202

202

COMPARABLES | COLLIERS INTERNATIONAL | 5

Rent Comparable Map

2

1

4

3

5

1. Subject PropertyVillaAngelaApartments1727W.ChollaStreet|Phoenix,AZ

2VistaVillage1805W.CortezSt|Phoenix,AZ

3CheyenePoint11850N.19thAve.|Phoenix,AZ

4Cochise1025W.CochiseDr.|Phoenix,AZ

5WhisperingWillows1802W.ChollaSt.|Phoenix,AZ



MARKET SYNOPSIS | COLLIERS INTERNATIONAL | 6

Subject Property Comparison

Unit Mix Total Units S.F. Monthly Rent

MonthlyRent / S.F.

AdjustedMonthly

Rent

Adjusted Rent / S.F.

2 Bed, 1 Bath 32 800 499$ 0.62$ 466$ 0.58$ Totals/Averages 32 800 499$ 0.62$ 466$ 0.58$

Comparables Property SummaryUnit Mix Total Units S.F. Monthly

RentMonthly

Rent / S.F.AdjustedMonthly

Rent

Adjusted Rent / S.F.

Studio 18 376 325$ 0.86$ 306$ 0.81$ 1 Bed, 1 Bath 130 544 387$ 0.71$ 363$ 0.67$ 2 Bed, 1 Bath 141 848 549$ 0.65$ 531$ 0.63$ 2 Bed, 2 Bath 52 1,025 521$ 0.51$ 488$ 0.48$ Totals/Averages 341 698 446$ 0.68$ 422$ 0.65$

NOTE:“Adjusted Monthly Rent” is the effective rent received by the property owner after adjusting for any rental concessions, on an assumed one-year lease. By way of example, if the quoted market rent is $600 per month, and one month free with a twelve-month lease, the Adjusted Monthly Rent is $550 ( ($600 X 11) / 12)




Sales Comparables

PropertyLocation

YearBuilt

#Units Unit Mix Sales

PricePrice/Unit Price/SF Close of

EscrowProperty

Photograph

Rita Roy 1961 13 9 1BD/1BA 310,000$ $23,846 $19.63 4/15/20103201 N. 36th Street 4 2BD/1BAPhoenix, AZ 85018

Horizon Apatments 1986 51 51 2BD/1BA 950,000$ $18,627 $19.61 4/14/20101510 N 48th StPhoenix, AZ 85008

9th Place Apartments 1959 11 7 1BD/1BA 257,000$ $23,364 $38.94 3/1/20103703 N. 9th Place 4 2BD/2BAPhoenix, AZ 85014

Camelback Gardens 1965 16 1 1BD/1BA 375,000$ $23,438 $28.52 12/18/20095110 N. 21st Ave. 15 2BD/1BAPhoenix, AZ 85015

Sunny Haven 1982 22 10 1BD/1BA 450,000$ $20,455 $31.25 10/23/2009806 E. Carol Ave. 12 2BD/1BAPhoenix, AZ 85020

AVERAGES 1971 23 468,400$ 21,946$ 27.59$

Sales ComparablesSales Comparables




Sales Comparables Map

21

4

Moon ValleyCountry Club

North/SouthGC

Quail RunGC Scottsdale Country Club

Sun CityCC

CountryMeadows GC

StateCapitol

AmericaWest Arena

Tempe DiabloStadium

Salt R iver Pima-MaricopaIndian Rese rvation

Fort McD owellMohave-Apache

Indian Rese rvation

Gila R iverIndian Rese rvation

Lost DutchmanState Park

Est rella MountainRegional Park

Phoenix South Mountain Park

TontoNat'l

Forest

McD owellMountain

Park

ThunderbirdPark

White TankMountain

Regional Park

LakePleasant

BartlettReservoir

Agua

Fria R

iver

Verde Rive

r

New

River

LakeBonita

Trilby WashDetention Basin

SaquaroLake

Salt River

Salt River

CanyonLake

Gila River

CanyonLake

Cave

Cre

ek

Gila River

Verde River

Verde River

Syca

more

Cre

ek

Alder Creek

Skun

k Cree

k

Cave Creek

Syca

more Cr

eek

Queen Creek

Beeli

ne H

wy

Beeli

ne H

wy

New R

iver R

d

7th

St7t

h St

7th

St7t

h St

Irvine Rd

7thA

ve7t

h Ave

7th A

ve

Cave

Cre

ek R

d

Scot

tsdale

Rd

Scot

tsdale

Rd

Pim

a Rd

56th

St

Carefree Hwy

Dove Valley Rd

Lone Mtn Rd

Morristown Hwy

Carefree Hwy

Scot

tsdale

Rd

Lake

Plea

sant

Rd

Cave

Cree

k Rd

Tatu

m B

lvdTa

tum

Blvd

Dynamite Blvd

Dixileta Dr

Lone Mountain Rd

Happy Valley Rd

51st

Ave

51st

Ave

51st

Ave

19th

Ave

67th

Ave

67th

Ave

67th

Ave

35th

Ave

83rd

Ave

83rd

Ave

Pinnacle Peak Rd Pinnacle Peak Rd

Jomax Rd

Pinnacle Peak Rd

Pinnacle Peak Rd

59th

Ave

40th

St

Deer Valley Rd

Canal

Rd

Deer Valley Rd75

thAv

e75

thAv

e

Johnson Blvd

El M

irage

Rd

Beardsley RdBeardsley RdBeardsley Rd

43rd

Ave

32nd

St

32nd

St

99th

Ave

91st

Ave

91st

Ave

107t

hAve

107t

h Ave


El M

irage

Rd

Bell RdBell RdBell Rd

64th

St

64th

St

64th

St

56th

St

Dysa

rt Rd

Surp

riseA

ve

Hayd

en R

d

Bush Hwy

Greenway RdGreenway

RdGreenway Rd

Bear

dsley

Can

al Rd

Fountain

Hills Blvd

59th

Ave

Palisades

Blvd

Thunderbird RdThunderbird Rd Thunderbird Rd

111t

hAve

Sweetwater Ave

24th

St

24th

St

Cactus RdCactus Rd 66th StCactus Rd

108t

h St

96th

St PalominoBlvd Kingstree

BlvdShea BlvdPeoria Ave

44th

St

Via Linda

Mountain View Rd

104t

h St

Doubletree Ranch RdDunlap AveOlive Ave

Cent

ralA

ve

27th

Ave

Via DeVentura

Beeline Hwy

Northern Ave

16th

St

Litch

field

Rd

Glendale Ave

Lincoln Dr

63rd

Ave

105t

h Ave

Inve

rgor

don

Rd

Mcdonald DrBethany Home Rd20

th S

t

Bush Hwy

Camelback RdCamelback Rd

Pim

a Rd

Pim

a Fr

wy

Pima Frwy

Indian School Rd

Papago Frwy

Indian School RdIndian School Rd

Osborn Rd

Reck

er R

d

Thomas Rd

Powe

r Rd

Thomas Rd

115t

hAve

Grand Ave

Encanto Blvd Oak St

52nd

St

Reem

s Rd

195t

h Ave

Tuth

ill Rd

Mcdowell Rd Mcdowell RdMcdowell Rd

ValV

ista

Dr

Higle

y Rd

Colle

geAv

e

Mckellips Rd

Red Mountain Frwy

Maricopa Frwy

Santan Frwy

Mckellips RdVan Buren St

Mcc

linto

ck D

r

Buckeye Rd

99th

Ave

Stap

ley D

r

Washington St

7thA

ve7t

hAve

19th

Ave

Cent

ral A

ve

7th

St

24th St

24th

St

59th

Ave

User

y Pas

s Rd

91st

Ave

51st

Ave

35th

Ave

Curry Rd

Jack

rabb

it Trl

Sky Harbor Blvd Brown RdBrown RdYuma Rd

Cotto

n Ln

Western AveM

illAv

e

Pries

t Dr

Rura

l Rd

Mcc

linto

ck D

r

Estre

lla P

kwy

Estre

lla P

kwy

University Dr University Dr

Dobs

on R

dDo

bson

Rd

Hard

y Dr

40th

St

40th

St

52nd

St Main StMain StMain St Apache TrlApache Blvd

Linds

ay R

d

Alm

a Sc

hool

RdAl

ma

Scho

ol Rd

Mes

a Dr

Powe

r Rd

Coun

try C

lub D

r

Gilbe

rt Rd

Gree

nfiel

d Rd

Crism

on R

d

48th

St

48th

St

Broadway Rd Broadway RdBroadway Rd Broadway Ave

32nd

St

32nd

St

Soss

aman

Rd Pueblo Rd

Southern AveSouthern AveSouthern Ave

Baseline Rd Baseline RdBaseline Rd Baseline Rd

Mcq

ueen

Rd

20th

St

Guadalupe Rd Guadalupe RdDobbins Rd

44th

St

Price

Frw

y

Elliot Rd Elliot Rd

Coop

er R

d

Warner Rd

Ellsw

orth

Rd

Ray Rd

Rura

l Rd

Ray Rd

Williams Field RdChandler BlvdChandlerBlvd Ar

izona

Ave

Dese

rt Fo

othil

lsPk

wy

Liberty LnPecos Rd

Pecos Rd

Mar

icopa

Rd

Higle

y Rd

Beltline Road

Queen Creek RdQueen Creek Rd

Gilbe

rt Rd

Gilbe

rt Rd

Mer

idian

Rd

Alm

a Sc

hool

Rd

Riggs Rd

Price

Rd

Dobs

on R

d

Hunt HwyHunt Hwy

Apache

Trl

Mckellips Blvd

Corte

z Rd

Ironw

ood

Dr

Mer

idian

Rd

Idah

o Rd

Lost Dutchman Blvd

Superstition Blvd

Holm

es R

d

Mou

ntain

View

RdOld West Hwy

Goldf

ield

Rd

Tom

ahaw

k Rd

Southern Ave

Moe

ur R

d

Mou

ntain

Rd

Vine

yard

Rd

Vine

yard

Rd

Indian Rt 3

Combs Rd

Schn

epf R

d

Hunt Hwy

Queen Creek Rd

Quail

Run

Ln

128th

Ave

Stardust Blvd

DelW

ebb Bl

vd Greenway Pkwy

Cave Creek Rd

Frank Lloyd Wright Blvd

SaguaroBlvd

WarnerEl

liot L

oop

Jomax Rd

Citru

s Rd

Waddell Rd

Glendale Ave

Camelback Rd

Perry

ville

Rd Thomas Rd Thomas Rd

Sunri

se B

lvd


Greenway Rd

Cotto

n Ln

Sariv

alAv

e

Reem

s Rd

Bulla

rdAv

e

Litch

field

Rd

Cactus Rd

Peoria Ave

Linds

ay R

d

Reck

er R

dRe

cker

Rd

Soss

aman

Rd

Hawe

s Rd

Crimson Rd

Coop

er R

d

ValV

ista

DrRittenhouse Rd

Gree

nfiel

d Rd Pecos Rd

Mcq

ueen

Rd

Germann Rd

Queen Creek Rd

Crism

on R

d

Reeb

s Rd

Ocotillo Rd

Chandler Heights Rd

Riggs Rd

Germann Rd

Pima Rd

Kenw

orth

y Rd

Ocotillo Rd

Mes

a Rd

Coun

try C

lub D

r

Indian School Rd

Thomas Rd

Indian Bend Rd

CanalBank Rd

Hawe

s Rd

Germann Rd

Pries

t Dr

Kyre

ne R

d

75thAve

27th

Ave

35th

Ave

Dobbins Rd

Elliot Rd

75th

Ave

Elliot Rd 59th

Ave

Carver Rd

Estrella Dr

Saint Johns

Mission Rd

Pecos Rd

43rd

Ave

75th

Ave

67th

Ave

83rd

Ave

Lower Buckeye Rd

107t

hAve

Lower Buckeye Rd

123r

dAve

Broadway Rd

Southern Ave

Indian Springs Rd

Southern Ave

Citru

s Rd

Broadway Rd

Airp

ort R

d

Beloat Rd

93rd

Ave

27th

Ave

43rd

Ave

Pyra

mid

Peak

Pkw

y

33rd

Ave

16th

St

Desert Hills Dr

17th

Ave Joy Ranch Rd

Cloud RdCloudRd

64th

St

Happy Valley Rd Alm

aSc

hool

Rd

Jomax Rd

116t

h St

118t

h St

64th

St

Deer Valley Rd

McDowell Rd

Dean

Rd

Lower Buckeye Rd

Elliot Rd

RainbowValley Rd

Tuth

ill Rd

Narramore Rd

Ray Rd

155t

hAve

171s

tAve

Williams Field Rd

163r

dAve

203r

d Ave

Queen Creek Rd

Ocotillo Rd

Sand

ia Rd

Buenos Aires Rd

Riggs Rd

Hunt Hwy

Tuth

ill Rd

Ocotillo Rd

Skyline Dr

Thom

pson

Rd

Phillips Rd

Indian Route 60

187t

hAve

211t

h Ave

Dove Valley Rd

219t

hAve

Sariv

alAv

e16

3rdA

ve

Mou

nbat

ten

Rd

Dixileta DrBradley Rd

203r

dAve

Croz

ier S

t

Patton Rd

195t

hAve

Jomax Rd

Happy Valley Rd

Deer Valley Rd

136t

h St

Lone Mountain Rd

144t

h St

160t

h St

168t

h St

174t

h St

152n

d St

128t

h St

Bulla

rdAv

e

Wickenburg Hwy

Grand Ave

Grand Ave

Buckeye Rd

Main St

Black Canyon Hwy

Agua

Fria

Frw

y

Blac

k Can

yon

Frwy

Pies

tewa

Frw

y

HohokamExwy

Red Mountain Frwy

48th

St

Pearl Harbor Memorial Hwy

Mar

icopa

Frw

y

Superstition Frwy

S Ra

inbow

Rd

Jack

rabb

it Trl

Bulla

rdAv

e

Patterson Rd

EaglesNest CC

Palm ValleyGolf Club

WildlifeWorld Zoo

WigwamCC

Club WestGolf Club

FoothillsGolf Club

Harrahs/Gila R iverCasinos

Arizona Biltmo reCountry Club

San Ma rcosCC

Mccormick RanchGolf Club

Happy TrailsGolf Resort

ArrowheadRanch CC

LegendGolf Resort

PointeGolf Club Stonecreek

GC

The 500Club

Tatum RanchGolf Club

Gainey RanchGolf Club

TournamentPlayers Club

GrayhawkGolf Club

Fountain HillsGolf Club

Troon NorthGolf Club

BouldersClub

Tonto VerdeGolf Club

Gold Can yonGolf Club

Deer ValleyGC

StardustGC

Briar woodCC

Echo MesaGC

Hillc restGC

GrandviewGC

The VistasGC

WestbrookVillage GC

Willowbrook andWillowcreek GC Union Hills

CC

Co yoteLa kes GC

PebblebrookGC

RiverviewGC

PalmbrookCC

PeoriaStadium

La ke East/West GC

Phoenix CommunityCollege

Grand Can yonCollege



Mesa CommunityCollege

Arizona StateUniversity

ScottsdaleCommunityCollege

Glendale CommunityCollege

SouthwesternCollege

Phoenix-Deer ValleyMunicipal Airport

ScottsdaleAirport

FalconField

Phoenix Sky HarborInt'l Airport

Phx -MesaGateway

ChandlerMunicipal

Airport

MARICOPAPINAL

Scottsdale

CaveCreek

DesertHills

Anthem

Ca refree

Peoria

PHOENIX

Surprise

Glendale

Sun CityWest

SunCity Fountain

Hills

ElMirage

Youngtown

ParadiseValleyLu ke

AFB

Litch fieldPark

MesaGoodyear

Goodyear

Est rellaMountain

Ranch

Avondale

Buc keye

Tolleson

Tempe

GilbertChandler

Komatke

SantaCruz

Cashion

QueenCreek

ApacheJunction

60

60

85

74

74

74

87

88

153 143

101

303

303

101

51

87

101

101

87

236

347

587

60

60

17

17

10

10

17

10

202

202

24

1

3

5

6

1. Subject PropertyVillaAngelaApartments3145EastCypressStreet|Phoenix,AZ

2 Rita Roy 3201N.36thSt.|Phoenix,AZ

3 Horizons Apartments 1510N48thSt.|Phoenix,AZ

4 9th Place Apartments3703N.9thPlace|Phoenix,AZ

5 Camelback Gardens 5110N.21stAve.|Phoenix,AZ

6 Sunny Haven 806E.CarolAve.|Phoenix,AZ



PROPERTY PHOTOS | COLLIERS INTERNATIONAL | 9

Property Photos



Aer

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Far

LOC

ATIO

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INTE

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| 1

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Villa

Ang

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Apa

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1727

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Pho

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LOC

ATIO

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| C

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INTE

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1

Aer

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27 W

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LOCATION MAPS | COLLIERS INTERNATIONAL | 12

Parcel Map

Parcel Number: 159-12-028 & -037-K



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Villa Angela ApartmentsLocation 1727 West Cholla Street Phoenix, Arizona 85029 List Price $700,000...

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Transcript of Villa Angela ApartmentsLocation 1727 West Cholla Street Phoenix, Arizona 85029 List Price $700,000...