MULTIFAMILY APARTMENTS IN PHOENIX METRO
Phoenix, AZ - 51 units
Off market purchase located in the heart of Phoenix, which leads the nation in annual rent growth at 21% (Multi-housing News, March 2022), has historical low vacancy at 4%, is 3rd in job growth (LaborIQ, Nov 2021), and according to U-Haul, is 5th in nation for one-way truck rentals (2022).
New Horizons is a gated community, with all units consisting of highly desirable 2 bedrooms & 2 baths with a storage unit, accessible via each unit's private balcony or patio. This property is consistently pre-leased with a waitlist.
Mesa, AZ - 42 units
Another off market purchase, this property is located in the city of Mesa, where tech giants like Facebook, Apple, and Google have begun creating a Tech Corridor. This creates additional jobs and with that, expanded housing demand.
Income growth from this property was attained through recouping loss to lease, installing in-suite washers and dryers, reducing expenses will be reduced with an institutional grade property management team.
Phoenix, AZ - 28 units
Just 5 minutes away from our New Horizons property! Willetta has two elementary schools located on its street, providing for an ideal prospective resident base of young families.
In an effort to make this an ideal home for our beloved residents, we have increased safety and security, beautified the exteriors, and added in-unit washers and dryers at each unit turn.
Phoenix, AZ - 41 units
Purchased from the same seller as Willetta, this 1986 built apartment has 41 units (100% 2 bedrooms) and consists of five 8-plexes and a 6th building which houses the on-site office, communal laundry room, mailboxes, storage areas and a resident unit on the second floor.
Fun fact: this property is across the street from one of Phoenix's most intriguing historic landmarks: the Celebrity Theatre - a round theater with a rotating stage.
Tucson, AZ - 232 units
Situated blocks from the upscale Tucson Mile, 1/2 block from Super Target, and minutes from University of Arizona, Metro Tucson residents are centrally located to destinations around Northern Tucson.
Built in 1984, this gated property is individually metered for water and electricity. Each unit has its own private balcony or patio, and with over 60% 2-bedroom units, this property has the right mix to attract families.
We love Tucson, as the metro is projected to have under 2% apartment vacancy, yet it is the #13 fastest growing city nationally. The supply simply cannot keep up with demand!
Vertical Crossings (Juniper Canyon)
Tucson, AZ - 141 units
Just minutes from downtown Tucson and the University of Arizona, with over 100k jobs within a 5-mile radius, this property is very well located. It is ideally located across the street from the Tucson Police Department, which ensures a safe and secure environment for our residents.
We qualified to assume the seller's loan and was able to secured an incredible 2.6% fixed interest rate for 5 years, at a time when market interest rates hovered around 7%. Finally, it was purchased at a price 20% lower than other comps on the market.
KANSAS CITY METRO
Parkville, MO - 42 units
Kansas City Metro is a leading economy in the Midwest with one of the nation's most diverse economies. This created fundamentals that enabled its unemployment rates to be well below the national average and for rent collections to hold solid during COVID. KC metro also has among the highest population growth rates in the Midwest.
This property is just 15 minutes from downtown KC and located next to million dollar golf course homes. It has incredible tenant demand, resulting in unwavering high occupancy through COVID. Upon acquisition, Walnut Ridge was a heavy lift project, requiring major interior renovations, resulting in an upgraded tenant profile as well as increased rents.
Lawrence, KS - 80 units
Located in Lawrence, home to the University of Kansas (KU), Jayhawks basketball team, as well as one of the most highly educated workforces in the country, with tremendous momentum in the biosciences industry.
This property is conveniently located only 4 minutes from KU, 9 minutes from downtown, and surrounded by numerous commercial retail shops and restaurants.
Eddingham Place consists 100% of 2 bedroom units with spacious floorplans including balconies, patios, or lofts, and fireplaces. The property also has a number of community amenities for its tenants to enjoy, including a swimming pool, basketball court, bbq grills, on-site property management office, as well as a fitness facility.
Arlington, TX - 252 units
Arlington is considered to be the entertainment capital of Texas, and the property is just three miles from AT&T Stadium, home of the Dallas Cowboys, Globe Life Field, home of the Texas Rangers, and the Arlington Convention Center.
The Sherry presents a value add opportunity with 80% of its units in classic condition, and has an excellent mix with over half of the units being 2 bedrooms (70 of which are townhomes). Its amenities include a pool, playground, reserved parking, large outdoor patios, central barbecue area, fireplaces in select units and an outdoor yoga space.