offered at $29.5M ($105,357 PER UNIT)
Exclusive Multifamily Offering
2025 W Indian School Rd | Phoenix, AZ 85015
Visit Doc CenterThe Opportunity
INVESTMENT HIGHLIGHTS
Cash-Flowing Asset Offered at an Attractive Basis
- ±$2.6 million capital investment since 2020 for deferred maintenance, unit updates, and amenity improvements.
- 63% of units renovated with white painted cabinets with hardware, resurfaced countertops, stainless steel appliances, new paint and trim, vinyl plank flooring, and new plumbing and lighting fixtures.
- Balanced unit mix caters to workforce housing needs in the submarket: 46% studio, 51% one-bedroom, and 3% two-bedroom.
- Positioned to deliver an anticipated 9.0% cash-on-cash increasing to 11.7% by Year 3 without further renovations.
Revenue Growth Potential for New Ownership
- Unique housing features including bungalows and private yards offer amenity premium upside.
- Favorable rent-to-income ratio: current achieved rents offer a small 11.6% rent-to-income ratio compared to average HHI income of $97K in the submarket.
- Low median age of 32 in the submarket maintains strong renter pool.
- Only two properties with 256 units under construction in the submarket.
Demand Drivers for Value Appreciation
- Immediate access to I-10 and I-17 Freeways offers excellent commutability to major employment hubs, including the Southwest Valley Industrial Corridor, Downtown Phoenix and Sky Harbor, capturing over 1.5 million jobs within a 30-minute commute.
- Phoenix MSA is positioned for major economic development, fueled by a $165 billion TSMC-led boom, attracting investments from big tech, aerospace, bioscience, and sustainable technology sectors, adding layers of future resilience.
Location
PHOTO Gallery
Contact us
Office
Phoenix Office
2425 E Camelback Rd
Ste 960
Phoenix, AZ 85016
Investment Sales
Ric Holway
Senior Managing Director
602.828.0074
[email protected]
Dan Cheyne
Managing Director
602.327.4447
[email protected]
Mark Forrester
Senior Managing Director
602.526.4800
[email protected]
Andrew Curtis
Managing Director
602.571.4190
[email protected]
2025 W Indian School Rd | Phoenix, AZ 85015
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