Venture on 12th Place

Project Overview

The Company plans to purchase a 30-unit residential apartment building at 3432 N.12th Place, Phoenix, Arizona 85014 (the “Property”). The Property consists of six separate buildings with a shared courtyard and was built in 1971. The 30 units include 16 two-bedroom one-bathroom units, 2 one-bedroom one-bathroom units, 4 two-bedroom 1.5-bathroom units, and 8 two-bedroom one-bathroom townhome units averaging 807 square feet per unit.

Renovations are planned for the interior of each unit to include replacement of fixtures, hardware, flooring, updated painting, and appliances. On the exterior we plan to transform the look of the property by installing new doors, painting the exterior, and updating the landscaping.