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Updated almost 4 years ago on . Most recent reply

Zach Haptonstall's profile image
Zach Haptonstall's profile image
Zach Haptonstall
  • Investor
  • from Scottsdale, AZ
  • Member since Sep 7, 2019
  • Posts 25
  • Votes 20
  • Experience 9 Yrs
  • Investments 57
Connect

User Stats

25
Posts
20
Votes
Zach Haptonstall's profile image
Zach Haptonstall's profile image
Zach Haptonstall
  • Investor
  • from Scottsdale, AZ
  • Member since Sep 7, 2019
  • Posts 25
  • Votes 20
  • Experience 9 Yrs
  • Investments 57
Connect
Zach Haptonstall
  • Investor
  • Scottsdale, AZ
20
Votes |
25
Posts
Real Estate Deal Analysis & Advice

District Flats Apartments in Mesa

Zach Haptonstall
  • Investor
  • Scottsdale, AZ
Posted

Investment Info:

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

Purchase price: $13,000,000
Cash invested: $5,150,000

District Flats.png
DISTRICT FLATS
112 UNITS
Mesa, AZ​
​
Acquisition Date : March 2020
Purchase Price : $13M
Down Payment and Renovation Costs : $5.15M
Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
Deal Structure : 506(B) Syndication
Unit Mix : 33 Studio | 78 1BR/1BA | 1 2BR/1BA
Projected Hold : 2-5 Years

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