Radius Apartments - Phoenix, AZ

DESCRIPTION & STRATEGY:

Radius Apartments is a 130 unit apartment complex located in Central Phoenix at the intersection the Highway 51 and Thomas Road. The location is very accessible to all areas of Phoenix. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy. The strategy will include re-branding, enhancing the property’s curb appeal, installing a solar system and LED lighting to reduce utilities, institute utility reimbursement program, and implementing professional property management.

The property was not actively marketed for sale and owned and managed under the same ownership for the last 5 years. This undermanaged asset was acquired with our high net worth investor base and bridge financing by Walker & Dunlap.

ADDRESS:

2925 and 2929 North Greenfield,
Phoenix, AZ

PROPERTY TYPE:

Multifamily

SIZE:

130 units