Phoenix AZ 22 unit Townhomes 10.8M

Attached is the information for the deal in PHX. There is an LP or sale

Please see attached T5 + Proforma and the RR.

Sale Points

• Built in 2019
• 21 2 bed 2.5 Townhomes and 1 10 bed senior living facility
• Senior facility currently pays $7,800/month, there lease expires in 2026, we are signing a new lease in Feb 2025 for $15k/month with step ups through 2028.
• we have 2 vacancies now, units are on the market, see Zillow for pics, 3D tour
• We have a current 5 year note for $5,000,000 at 3.25% with half a point escalation starting end of year 2. Not automatically assumable, but can always try. (our debt now is only $13,582/month)
• We can also consider a Co-GP structure, if your clients would want to hop in this deal and buyout some equity.
• We have more value add plans in play, happy to discuss over a call & open to negotiate price /terms.

Please see the YouTube video: https://www.youtube.com/watch?v=e8hlvcd74E4

Asking $10.8M Purchase Price for entire 22 units.

 

We can also bring on a co-owner, for 66.32% equity for $3.1M.

Limited Partner (LP) would have controlling interest, yet we would remain the day-to-day asset managers.

they would have full access to everything, as well as bank accounts etc..

As the majority they would have Veto on sale price anything above $11M.

10% Pref, 70/30 Split

below is our debt service:

LTV		58%
Year 1 - 2 3.25% IO		$162,984
Year 3 3.50% IO		$179,051.25
Year 4 - 5 5.00% IO		$255,787.50