30 Unit Multi-Family Affordable Housing


Project details:

We purchased a 30 condos in Phoenix, Arizona in October of 2020 for $2,600,000.

We then converted the units to city/state funded housing. Which increased rents from an average rent of $800/mo to $1291/mo.

Average security deposit from $850 to $3,000.

Nearly every lease was month to month, now all leases are annual commitment. 

Project info:

  • Multi Family
  • Phoenix, Arizona
  • $2,600,000
  • None