Large multi-family (5+ units) buy & hold investment in Phoenix.
Purchase price: $3,400,000
Cash invested: $1,400,000
Sale price: $5,350,000
-36 Unit Apartment Building In Phoenix, Arizona
-Acquired in February 2019
-$3,400,000 Purchase Price
-$1,400,000 of Equity Raised – Down Payment and Renovation Costs
-Tenant-In-Common (TIC) Structure
-26 – 2BR/1BA & 10 – 3BR/1BA
-Value- Add and Sell Strategy
-10-Year Fixed Interest Rate, Non-Recourse Freddie Mac Loan
-Scheduled to sell in 1st Quarter of 2020
On pace for 116% Overall Return (2.16X Equity Multiple) & 9.5% Cash-on-Cash
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