Last week, Prime Capital Investments finished conducting due diligence on this 88-unit value-add multifamily property in the heart of Tempe, AZ.
The seller is a family that has had a long-term hold of the subject. The subject is phenomenally located 0.85 miles East from Amazon's new tech hub with high paying jobs (not warehouse), minutes from Arizona State University, with the Tempe Town Lake located 0.35 miles North.
We love Tempe because it's one of the fastest growing cities in the United States. Between 2010 and 2020, Tempe has experienced a growth of 26.1%, according to World Population Review.
The subject was constructed in 1983 and is composed of a superior unit mix, with 86% units being two-bedroom. The subject benefits from a swimming pool, park-like grounds on 4.13 acres, as well as all units having either a balcony or back yard.
This is a truly outstanding and rare opportunity and we are excited to open this opportunity up to our accredited investors soon.
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