3436 Ross Ave SE

Maestas Realty Services and Deacon Property Services are honored to bring 

to market a fourplex lot in the heart of Edgecrest.  

The owner is a well-known development consultant/apartment investment 

broker who has worked on a preliminary development model, floorplans, and 

an isometric drawing/massing schedule to show the development of a new 

fourplex, which will feature an owner’s style three bedroom unit, 3 rental 

units, and a garage. 

The small Pension Fund that owns this property has a recent appraisal at 

$190,000 and is willing to joint venture the land at that price with a home

builder who would see the project through to development, completion, and 

sale. For a quick-close, all cash price, the owner would accept $124,876. 

Based on the development proforma, the new construction fourplex could be 

worth $756,624 upon completion, and as much as $1,040,245 a year or so 

after obtaining the Certi�cate of Occupancy. 

The adjoining property recently sold and is undergoing a massive renovation 

as there is signi�cant redevelopment activity on dozens of units in the imme

diate area. 

The neighborhood has recently experienced new business park development 

and employment opportunities including a new dental school to support the 

University. The property is walking distance to Puerta del Sol Golf course as 

well as the Source Community center with the newly opened Castle Coffee 

shop. 

Do not miss out on this opportunity to buy a core asset in a market with 

strong economic growth from all of the new Netflix, Facebook, Intel, and Am

azon jobs that have created a housing shortage that has led to double digit 

annual rent growth.