Paseo 51 Apartments in Glendale AZ

2 Replies

Investment Info:

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

Purchase price: $15,500,000
Cash invested: $4,890,000

PASEO 51
116 UNITS
Glendale, AZ

Acquisition Date : September 2020
Purchase Price : $15.5M
Down Payment and Renovation Costs : $4.89M
Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
Deal Structure : 506(B) Syndication
Unit Mix : 80 1BR/1BA | 36 2BR/2BA
Projected Hold : 2-5 Years

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you