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La Casa - East 3434

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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