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Updated over 3 years ago,

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

Rise Melrose Apartments

Zach Haptonstall
  • Investor
  • Scottsdale, AZ
Posted

Investment Info:

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

Purchase price: $18,400,000
Cash invested: $5,900,000

RISE MELROSE

(Formerly Revival on Indian School)

96 UNITS

Phoenix, AZ

Acquisition Date : May 2021

Purchase Price : $18.4M

Down Payment and Renovation Costs : $5.9M

Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan

Deal Structure : 506(B) Syndication

Unit Mix : 96 2BR/1BA

Projected Hold : 2-5 Years

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