UNDER CONTRACT: Value-add, Average Year Built – 1982, 792 Units | Phoenix MSA
The Phoenix 6 Portfolio consists of 6 total properties totaling 792 units – The Perry, Ava Park, Serena Park, Red Sage, Ava North and Ava South. This portfolio offers immediate economies of scale within growing submarkets with a proven, value-add opportunity. There is strong rental upside by expanding on the current common area amenities and unit interior programs. With over $10.5M spent to cure the deferred maintenance, in addition to starting the renovation process, this portfolio is perfectly positioned for a buyer to capture the tremendous remaining rent upside.