Villa Serena Apartments, Phoenix AZ

[Zach Haptonstall]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Phoenix.

Purchase price: $17,575,000
Cash invested: $6,000,000

-137 Unit Apartment Building In Phoenix, Arizona
-Acquired in August 2019
-$17,575,000 Purchase Price
-$6,000,000 of Equity Raised – Down Payment and Renovation Costs
-Syndication Structure 506(C)
-74 – 2BR/2BA, 63 – 1BR/BA
-Value-Add and Sell Strategy
-10-Year Fixed Interest Rate, Non-Recourse Freddie Mac Loan
-Projected to Sell in 2021-2023
-81%+ Overall projected Return (1.81X Equity Multiple) & 9%+ Cash-on-Cash Return