Bulk Purchase of Townhomes in Phoenix Market

[Craig Lessler]

I am looking to make another bulk purchase of Townhomes in the Phoenix area.

Criteria:

1. $1.1M maximum purchase price

2. 8% or better CAP rate (including property mgt, vacancy, repairs, CAPEX)

3. Prefer ranch style units

4. 2 BR or 3 BR units

5. Class B

6. Potential value add.