SOLD
East 3434 is a gated B-class multifamily community with 128 units in Phoenix.
Property:
East 3434 is a gated B-class multifamily community built in 1985 with 128 units across 6 buildings. It is located in the gentrifying McDowell neighborhood East of downtown Phoenix and 5 minutes from the airport.
Strategy:
Maximize rent potential through re-branding and capital improvements to enhance overall appeal and marketability in a rapidly gentrifying neighborhood.
Highlights:
Our business plan includes the following improvements.
Bring in a higher quality property management company
Over $1MM in Exterior and interior renovations
Implement Green Program to reduce water and electricity consumption
Bill back remaining utility expenses
Add washer & dryers to select units
Add amenities: Dog Park, BBQ Area, and Business Center
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