Investment Overview

Advantageously placed just west of State Route 51, Desert Green (“the property”) is a 16-unit apartment community located at the intersection of 31st St and Grandview Road deep inside the expanding Northeast Phoenix submarket. Such near proximity to a major transportation artery, such as State Route 51, gifts residents of the property direct access to simple passage within desirable commute times to nearly any destination across The Valley. Included in those nearby destinations are some of the largest employment corridors in Arizona. The I-17 / Deer Valley and Scottsdale Airpark employment corridors are reachable within a 10-minute drive, and the Biltmore employment district is less than 15 minutes away. In addition to powerful job opportunities, the surrounding landscape is also flush with countless dining, shopping, and entertainment spots. Desert Ridge, Scottsdale Quarter, and the Biltmore Area, each hold extremely high sought after nighttime experiences, including restaurants, bars, and retail stores. Built in 1981, Desert Green is entirely comprised of two-bedroom floorplans covering 680 square feet, and all 16 units are being offered in their classic condition. This presents future ownership with the enviable opportunity to upgrade the interiors of every unit on the property to capitalize on the $300 rental premium available for capture based on achieved rents by similar properties in the submarket.