Real Estate

Venture on 12th Place

6 buildings. 30 units. Getting a makeover
Investment type:
( )
Target raise:
 - $500,000
Minimum investment:​
End date:
May 06, 2023
Added value. Renovation of existing 30-unit property. Experienced Developer. This team has completed multiple housing projects. Quick turn-around. Quick conversion to ensure operating cash flow. Three-year plan. Re-financing or sale planned in three years. Flexible capital stack. Funds raised and ready to fill an equity gap if needed. Return. Cash flow distributions of 6% return expected to begin 8 months after acquisition, after property has been renovated, stabilized and is cash flowing. Additional return. Additional "true up" to bring returns up to 12% upon sale or refinance.
Our Story

The Company plans to purchase a 30-unit residential apartment building at 3432 N.12th Place, Phoenix, Arizona 85014 (the “Property”). The Property consists of six separate buildings with a shared courtyard and was built in 1971. The 30 units include 16 two-bedroom one-bathroom units, 2 one-bedroom one-bathroom units, 4 two-bedroom 1.5-bathroom units, and 8 two-bedroom one-bathroom townhome units averaging 807 square feet per unit.