Mountain Springs

Multifamily

Address
1725 W Vogel Ave, Phoenix, AZ 85021
Status
Sold
Date Purchased

Jun 15, 2016

Unit Count
16 units

Overview

Mountain Springs was purchased from an owner who self-managed. This property was acquired with low in place rents, and problematic financials which made it hard to secure permanent financing. The property received complete unit turns and we were able to increase the rents to market. Many of the rents were $100-200 below market. The exterior of the property had a landscaping overhaul which increased the curb appeal.

Key Details

Ownership
Site Size
Year built
Date Sold 12/15/2017
Value Add Interior unit turns, Landscaping