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Palm View Manor
Phoenix, AZ
About this property
Palm View Manor is located in the Phoenix submarket of Alhambra, in close proximity to the I-17 freeway and the 19th ave light rail station. Through a complete overhaul of all the interior units, we were able to maximize rental potential and capture a large loss to lease. We added important necessities for tenants in the construction phase including the additions of washer / dryers, large kitchen, individual yards, storage areas and more.
This property was packaged in a portfolio investment with Granada Gardens.
No. of Units
20
Key Metrics
Projected IRR: 15.8%
Equity Multiple: 1.8x
Purchase Date
February 26th, 2021
Hold Period
5 Years
Acquisition Price
$3,200,000
Year Built
1962
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