Completed Projects
2650 E Mckellips Rd
Mesa AZ 85213
They say one never forgets one's first love or, one’s first tentative foray into rental real-estate. Especially, if one is an almost FOB immigrant with no experience ever of being a landlord, or even a home-owner.
But, hey, fortune favors the brave or at least, the foolhardy.
From learning the ropes of the trade to making fabulous new friends all while calling a great investment home. Owning, managing, and living at Four Peaks was truly an enriching experience.
And, call it beginners’ luck or just fishing in a barrel, Phoenix multifamily took a decisive upward turn around the time of my first investment paving the way to an exciting journey that still continues.
1758 E 6th Ave
Mesa AZ 85204
My second fourplex in Mesa and definitely a leap of faith since I was living out of state at that time and was already dealing with problem tenants at the Mckellips fourplex.
Further, this one was in a relatively worse part of town, had substantial deferred maintenance, and a much poorer tenant profile. It was going to be a project, for sure!
However, it was also a blank canvas with tons of potential to add value quickly. A lot of low hanging fruit and with Phoenix’s multifamily market on a tear, it seemed like a worthwhile risk
Overall, a fun project with more than its share of stress but a great experience nevertheless, and hey, all's well that ends well.
16222 N 31st St
Phoenix, AZ 85032
The Square!! A notorious part of town I had turned down in the past but was compelled to take a second look with the market heating fast.
On my visit in 2014 though, the neighborhood seemed to have taken a turn for the better but you really had to look carefully to notice. Also, the fourplex had one of the best layouts I had come across - spacious 2bed/2bath, a generous balcony/patio and a storage closet.
It definitely wasn’t rocket science and with some experience dealing with such fourplexes, we felt reasonably confident of being to able to turn this one around and, with some help from a tightening multi-family market, even make a decent return.
Sold, we did. But, the market has continued to rally since and we definitely left a good amount of dough on the table by selling too early. Oh well!
53 N San Jose
Mesa AZ 85201
Oh boy! If any place in Phoenix metro deserves to be called ghetto; this would be it.
Within 10 minutes of ASU with new student driven development sprouting all around, this property was smack in the middle on one of the hottest sub-markets in the city. Hoping that the surrounding development would eventually catch-up with this sorely overlooked street, we decided to take the plunge and man! were we disappointed!
Luckily, our timing couldn’t have been better at both ends of the transaction. We were able to buy this place at a considerable discount given the neighborhood and as the market grew stronger, our property appreciated faster. Also, with light-rail ridership rising, properties close to the rail, like ours, witnessed really strong demand.
Definitely, an unexpected happy ending.
9223 N 12th St
Phoenix AZ 85020
It wasn't really love at first sight, but almost. The beautiful Phoenix sunset looked especially lovely against the Northern Preserve and this small apartment complex oozed a comforting, quaint vibe. A quiet little sanctuary in the midst of the bustling, sprawling Valley of the Sun.
The property itself looked well-built though a little dated. And, we totally loved the north-central location, town-home style layouts, and decent-sized backyards.
But why had it been on the market for so long? Almost 6 months - in a really hot multifamily market. Would looks be deceptive or had we just stumbled upon an overlooked gem?
Gem, definitely! And working on this property, that I called home for while, turned out to be an extremely fun and satisfying experience.
2219 N 25th Pl
Phoenix AZ 85008
In a city filled with cookie cutter homes, this 1930’s beauty oozes a sense of style, personality, and culture sorely missing from today's homes; bringing one back to a beautiful bygone era when Spanish and Mexican inspired homes dotted Phoenix's streets
A fabulous Santa Fe, this home sits in a lovely, tree-lined neighborhood in the fast-growing Central Phoenix, which is witnessing a renaissance over the last few years seamlessly blending its historical roots with a truly modern urban cultural and culinary experience.
In addition to its great layout, the house also boasts of a huge backyard, garage, RV parking space, and storage room. Its central location add to its convenience.
Certainly, a great reminder of our proud South-western architectural traditions.
1333 W Heatherbrae Dr
Phoenix AZ 85013
This historical rambler sits on a beautiful large corner lot in the super-hip Woodlea-Melrose Historical District, a neighborhood consistently rated as one of the most desirable in Phoenix including in Phoenix New Times' December 2016 feature.
The house was owned by an elderly gentleman and had been lying vacant for several years with fitful rehab efforts made in the past. The A.C. and electric meter had been vandalized and none of the bathroom fittings were in place.
However, given other commitment and lack of expertise rehabbing single family homes, we decided to pass on this opportunity to someone better skilled at these types of projects.
3208 Mc Lean St
Fort Worth, TX 76103
Hello, Texas!
Our first investment outside AZ, this fourplex offered everything we were looking for - a city with a strong, diverse, economy and growing population. Spacious 2bedrooms with great town-home style layouts and an attractive per unit and per sq. ft price.
To add to our luck, we also stumbled upon a great property management team in All County Property Management. Glad we found you, guys!
Given the fourplex's location, the turnaround proved more challenging that we imagined but thanks to Kim and her team's incredible hard-work, the fourplex was stabilized at rents higher than our initial estimates.
Looking forward to being back in Texas soon.