Scottsdale 5th Ave Apartments, Scottsdale AZ

[Zach Haptonstall]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Scottsdale.

Purchase price: $6,600,000
Cash invested: $2,600,000

-59 Unit Apartment Building In Scottsdale, Arizona
-Acquired in August 2019
-$6,600,000 Purchase Price
-$2,600,000 of Equity Raised – Down Payment and Renovation Costs
-Tenant-In-Common (TIC) Structure
-31 – 1BR/1BA, 27 – Studio, & 1 – 2BR/1BA
-Value-Add, Refinance, and Long-term Hold Strategy
-10-Year Fixed Interest Rate, Non-Recourse Freddie Mac Loan
-Plan to hold for at least 10-20 Years. Refinance and Hold for Passive Income
-At least 9%+ Cash-on-Cash Return projected