This fantastic, value-add opportunity consists of 200 units, primed for platinum upgrades and additional amenities.
Midtown is in great physical condition The current owner has taken good care of the major capex items such as the roofs, plumbing, and electrical systems.
Located in the premium Midtown Phoenix submarket which provides excellent employment opportunities and is truly positioned for growth with its strong population and job growth.
Project Sources: $71,000,000
Project Timeline: 2-3 years
Projected Returns: Preferred return 8%
Projected Equity Multiple: 1.75x
Location: Phoenix, AZ 85016
Strategy: Equity Growth – Value-Add