SAN DOMINIC TOWNHOMES
5112 NORTH 17TH AVENUE, PHOENIX, AZ 85015
Investment Details
Acquisition Date
September 14th, 2021
Year Built
2019
Units
22 Units
Propety Type
Individual Parcelized Townhomes
Deal Structure
Bridge Financing - 18 Months
Actual Market IRR
264%
Projected Hold
9.5 Years
Unit Mix
3 Bed / 2.5 Bath , 1 Car Garage Luxury Townhome
Property Description
- 22 Two-Story Townhomes & Common Area, Completed in 2018.
- All 3-Bed / 2.5-Bath Unit Types (1,300 SF Plus Approx. 237 SF One-Car Direct-Access Garage).
- Low Density - Five Total Rental Buildings (Two Buildings With 5 Townhomes Each & Three Buildings With 4 Townhomes Each).
- Upside in Rental Rates With in-Place Being Below Market Rents & the Opportunity to Further Improve Rents Through Additional Interior Renovations.
- Ease of Management With Only a Parking Lot, Playground, BBQ Grill, & Landscaped Areas to Maintain Outside of the Townhomes.
- Located in Central West Phoenix Near Major Job / Transportation Corridors.
