Safford Community
1225 W 20th St, Safford, AZ 85209
Located in the growing town of Safford, AZ, this project was acquired in February of 2017 and consisted of two four-plex properties. The Safford Community constituted a value-add project with a 1 year turnaround.
The project involved extensive interior and exterior renovations that encompassed a wide range of improvements such as repainting, re-flooring, kitchen and bathroom remodels, and roof replacements.
These enhancements resulted in an enhanced aesthetic appeal, enabling us to achieve a 28% increase in rents. The renovations not only created an improved living experience for our tenants but also elevated the overall community.
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Investment Details | |
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Sales Price | $710,000 |
Hold | 12 Months |
Equity Multiple | 1.83 |
ARR | 26.4% |