Investment Overview

25th Place is a 7-Unit Apartment Community located along 24th St and McDowell Rd. Less than a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51, 25th Place (“the property”) is incredibly positioned, offering outstanding mobility throughout Phoenix Metro. The subject property is located approximately three miles south of the high-profile business operations of the Camelback Corridor and affluent Biltmore financial district, providing residents with accessibility to one of Arizona’s most desirable and dynamic professional corridors, featuring employers such as Cisco, Merrill Lynch, Charles Schwab, Humana, Fennemore Craig, and UBS. Developed in 1958, 25th Place is comprised of 5 two-bedroom units and 2 one-bedroom units ranging from 550 – 950 square feet in 6 separate buildings, all of which have large private backyards. The entire community’s exterior has been renovated with new paint, new landscaping, roof replacement, and HVAC servicing, along with each unit’s interior receiving premium finishes including quartz countertops, new cabinets, and wood-style vinyl flooring. Future ownership will have the opportunity to capitalize on current below market rents.