FOUR PALMS APARTMENTS

210 East Jones Avenue, Phoenix, AZ 85040

Investment Details

#
Acquisition Date

September 28th, 2021

#
Units

12 Units

#
Exit Strategy

Reposition

#
Propety Type

Individual Parcelized Townhomes

#
Deal Structure

75% loan to cost 25% equity

#
Projected IRR

48.78%

#
Projected Hold

18 Months

#
Projected Project Completion

12 Months

#
Cash on Cash Return

36.48%

#
Unit Mix

5) Studios, (6) 1-Bed / 1-Bath Units, & (1) 3-Bed / 2-Bath House

Property Description

  • 12 Units
  • Unit Mix Features (5) Studios, (6) 1-Bed / 1-Bath Units, & (1) 3-Bed / 2-Bath House.
  • Fully Renovated Opportunity with New White Cabinetry, White Appliances, & Walk-In Closets.
  • 3 Parcels, Single-Story Block Construction, Community-Style Layout with Walkways.
  • Large Outdoor Space with Private Patios & Porches.
  • Located in South Phoenix, with Many Dining, Shopping, & Transportation Options.
  • Minutes from Salt River, I-17 Freeway, & Hayden Park.

*Information provided by ABI Multifamily