OCOTILLO POINT

1712 East Ocotillo Road, Phoenix, AZ 85016

Investment Details

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Acquisition Date

February 10th 2020 (24)
October 7th 2021 (4)

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Units

28 Units

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Exit Strategy

Longterm Debt, Recapitalize Investors

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Propety Type

Light Industrial: Zoning I-1

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Deal Structure

80% Debt 20% Equity

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Projected IRR

92.57%

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Remaining Holding Period

36 Months

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Cash on Cash Return

458.49%

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Projected Project Completion

16 Months

Property Description

  • 4 Units, Built in 1963.
  • (2) 1-Bed / 1-Bath Units & (2) 2-Bed / 1-Bath Units.
  • Value-Add Opportunity Through Interior & Exterior Renovations.
  • Located in Uptown Phoenix, Conveniently Situated Near Uptown Plaza, the Biltmore District, Restaurant Row, the Arizona Canal Trail, & the Arizona Biltmore Golf Club.
  • Easy Access to the Midtown Phoenix Light Rail & 51 Freeway.
  • Arizona-Based Buyer & California-Based Sellers.

*Information provided by ABI Multifamily