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Rossmore Apartments

Phoenix, AZ

About this property

Rossmore Apartments is an attractive 16 unit single story garden style apartment complex. The unit mix consists of large 2 bedroom, 2 bath floor plans around 950 sq ft. Close to the I-17 and the 19th ave light rail station, the building is well situated for easy access to numerous employment hubs around Phoenix.

We are currently renovating all interior units and redesigning the exterior facade in order to maximize rents.

No. of Units

16

Key Metrics

Projected IRR: 16.6%

Equity Multiple: 1.9x

Purchase Date

August 24th, 2021

Hold Period

5 Years

Acquisition Price

$2,560,000

Year Built

1969