PASSIVE INVESTMENT OPPORTUNITY WEBINAR
RISE MIDTOWN APARTMENTS
TREMENDOUS OPPORTUNITY TO OWN REAL ESTATE
IN PHOENIX, AZ
Accredited Investors
Non Accredited Investors
These deals are rare to find. If you’re looking to break into Real Estate, this is an excellent opportunity
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7%
Preferred Return
6-7%
Cash on Cash
16.3%
IRR
2.01x
Equity Multiple
RISE MIDTOWN
200 UNITS
IN GREAT CONDITION
POSITIONED FOR GROWTH
This fantastic, value-add opportunity consists of 200 units, primed for platinum upgrades and additional amenities.
Rise 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.
Deal Info
- Current Occupancy: 93.1%
- Units: 200
- Purchase Price: $51,000,000
- CapEx: $3,775,000
- Current Rents: $954 average
- Projected Rents: $1,412 average
- Targeted Hold Period: 2-5 Years
Business Plan
- Upgrade the exterior with new paint, signage, and amenities.
- Upgrade interiors to platinum level finishes.
- Reserve funds for contingencies.
- Bridge loan option providing maximum flexibility.
Perfect Location
Population Growth
Phoenix ranked #1 in the U.S. for new residence and population growth in 2020 (Redfin.com)
Rent Growth
Phoenix ranked #1 in the US with 26.8% rent growth from October 2020 to October 2021. The US National average was 12% (RealPage Analytics).
Job Growth
Arizona’s job growth is projected to outpace the Nation and add over 720,00+ new jobs through 2030 (AZ Office of Economic Opportunity).
VONFINCH INVESTORS FEEDBACK
“[I have] known Steven for about four years now, and have invested in several deals with VonFinch, which have worked out fantastic.
I’ve always found Steven to be a super hardworking, conscientious, diligent, takes care of any particular issues that come up on the projects.
I plan on investing in future deals with Steven and VonFinch and would recommend the same to other investors as well.”
Mike Foley
…. “I’m a full-time investor. I flipped over 1,000 houses. I have 20 million lent out to flippers in different markets around the country. We see a lot of different investors in different ways. I have to tell you that VonFinch is at the top of the list, with regard to quality and ethics and doing what they say.
Thank you very much, Steven and VonFinch. Appreciate everything you guys do. Glad to work with you guys again in the future. Thanks a lot.”
Matt Owens
“I invested in Steven Pesavento’s company. It was a positive experience, and he was very thorough in communication on the front end and all throughout the process, all the way until the exit.
We’re actually talking again on how I can invest in the projects that he’s got going on in his company.
So appreciate you, Steven, everything you’re doing, look forward to working with you again soon.”
Chris Bounds
RISE MIDTOWN APARTMENTS
Don’t wait too long, this sponsor’s previous deals were
oversubscribed within days after the webinar launched!
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This is only Available to Accredited Investors.