Sold Investments
Brix on Belleview features 6 studios, 86 one bedroom, 75 two bedroom, and 8 three bedroom units. Over $1,600,000 in renovations were completed, which included new paint, construction of a new leasing office, upgraded pool and common area amenities, and upgraded interiors. The property is located close to the Littleton light rail station which offers direct access to downtown Denver.
Shorewood at Midtown
Shorewood at Midtown was purchased all cash from a regional bank. The property features 7 one bedroom and 14 two bedroom units. Renovations included new paint, roofs, carports, landscaping, and updated interiors. Units featured polished concrete flooring downstairs with vinyl plank flooring upstairs. The property was 100% occupied at the time of sale. The community was featured on the Modern Phoenix Home Tour in 2013 for its mid-century modern architecture.
Bonfire at Midtown
Bonfire at Midtown features 14 one bedroom and 10 two bedroom units. The community has covered parking and onsite laundry and is walking distance to the Central/Camelback light rail station. Renovations included new exterior paint, landscaping, a barbecue grill, and updated interiors. The handrails were modified to include words stenciled in each panel which cast a shadow on the walkway during the afternoon sun. Units feature vinyl plank flooring, bar-top kitchens and new brushed nickel fixtures.
Ranch at Midtown
Ranch at Midtown was acquired off-market from an out of state owner. The property was built in 1957 and features 20 one bedroom and 12 two bedroom units. Renovations included new paint, entryway, air conditioners, roof coating, landscaping, pool furniture, gas barbecue grill, and updated interiors. Units featured large, open living spaces with bar-top kitchens, tile back-splashes, new counter-tops, and the original metal cabinets were painted glossy red.
Estates at Midtown
Estates at Midtown was acquired off-market through a trustee. The property features 12 two bedroom and 2 three bedroom units. The community has a pool, elevator, covered parking, and onsite laundry. Renovations included new paint, entryway, air conditioners, roof coating, landscaping, and updated interiors. Units featured polished concrete flooring downstairs, new countertops and tile backsplashes, and new fixtures. Rents increased an average of $285 per unit from when it was purchased and the property was 100% occupied at the time of sale.
Aura at Midtown
Aura at Midtown features 40 one bedroom, 52 two bedroom, and 4 three bedroom units. Renovations included new paint, roofs, amenities, barbecue grills, a fitness center, landscaping, and updated interiors. Units featured polished concrete flooring downstairs with vinyl plank flooring upstairs. The community won the 2013 Landscaping Award of Distinction for best Commercial Redesign by the AZ Landscape Contractors Association. It was featured on the Modern Phoenix Home Tour in 2013 for its mid-century modern architecture, voted one of the “Top 5 Coolest Apartments” in 2014 by the Phoenix New Times, and won the award of best curb appeal for a masonry project by Units Magazine July 2015.
Bethany at Midtown
Bethany at Midtown features 8 studios, 18 one bedroom, and 14 two bedroom units. Renovations included new paint, benches with interior LED lightboxes, a vegetable garden, air conditioners, foam roofs, landscaping, pool furniture, a barbecue grill, and updated interiors. Units feature large, open living spaces with bar-top kitchens, new counter-tops, and new cabinet doors.
Scottsdale RV Ranch
The Scottsdale RV Ranch features 130 RV spaces and is open year round to RV visitors. The RV spaces are over-sized at 30 ft. x 60 ft., and the park is one of only two RV parks in Scottsdale, Az. The 9.4 acre property is located near the Arizona State University’s Sky Song’s Campus in south Scottsdale, two miles north of Tempe Town Lake. The property also is within the McDowell corridor redevelopment district.
Pony Acres Mobile Home Park
Pony Acres mobile home park features 88 spaces in a prime infill location within Tempe, Az. The property is adjacent to the McClintock light rail station, two short stops from the Arizona State University main campus. The property was an all age park, consisting of both mobile homes and RV’s. The park was closed and has been redeveloped into 423 apartments.
Yardz on Kolb
Yardz on Kolb (410 units) is located in Tucson, AZ and features large town-home units with private patios and averages 885 square feet. The community underwent over $3,200,000 of renovations. Renovations included new exterior paint, roof repairs, common spaces, office and fitness center, and modernized interiors.
Yardz at Mirabelli
Yardz at Mirabelli (168 units in Las Vegas, NV) features one and two bedroom apartments and was built in 1984. The community is conveniently located 7 miles to the iconic Las Vegas strip. The community has underwent $1,000,000 of renovations.
Proximity at Papago
Proximity at Papago (200 units) is located in Phoenix, AZ and features a mix of one and two bedroom apartments. The community has underwent over $1,500,000 of renovations. Renovations include new exterior paint, installation of washers and dryers, upgraded common area amenities, and modernized interiors.
Harmony Chandler
Harmony Chandler (42 units) is located in Chandler, AZ and features 5 studios, 20 one bedrooms, and 17 two bedroom units. The community is near downtown Chandler and Chandler Fashion Center. The community has been renovated to have covered parking, new exterior paint and landscaping, a redefined central courtyard area, and modernized interiors.
Yardz on W. Cheyenne
Yardz on West Cheyenne (180 units in Las Vegas, NV) features single story, two bedroom apartments with washers and dryers. The property was built in 1984. The community is conveniently located 7 miles to the iconic Las Vegas strip and underwent $1,600,000 of renovations.