Sample Rental

Unfortunately this project hasn't been funded on time!
Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal  California. Upon arriving at The Newport, one will notice the clean lined  architectural design, replete with great articulation, varied  materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changing. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency.
Investment Highlights
  • A Portfolio of 17-Single Family Detached Fee- Simple Homes in an Exclusive 38-Home Community
  • Built in 2015-2018 and Awarded SRP’s GoldStar Rating for the Ultimate in High Energy Efficiency
  • Dynamic Tempe Town Lakes Location Ideally Situated Between Tempe and Downtown Scottsdale, Two of the Largest Employment and Entertainment Hubs in Metro Phoenix that have experienced the highest appreciation in Metro Phoenix
  • 16 of 17 Units are Fully Furnished with Designer Finishes Including All Living Necessities for Airbnb and are on a Master Lease at $3,050 Per Month Thru 2022
  • Four Unique Floor Plans with Two Bedrooms plus Den (6%) or Three Bedrooms plus Den (94%) and Average Over 1,700 Square Feet
  • Interior Finishes that Rival Million Dollar Properties, Including Eat-in Kitchens with Kenmore Stainless- Steel Appliances, Granite or Quartz Countertops, Kohler Plumbing Fixtures, 9’ Ceilings and Full-Size Washer/Dryers
  • All Units Have Large Patio Terraces and Private Yards and Many of the Units Have Spacious Rooftop Decks, Offering 360 Degree Views of the Valley
  • Low-Maintenance Asset Provides of Ease-of- Management for an Out-of-State Investor
  • Individual Resale Potential as an Exit Strategy (Individual Parcels)
Name
$10 - Property Type
Salman
$10 - Property Type
Candis Moreno
$53,181 - Property Type
test
$50 - Cap Rate
gpavanette
$50 - Cap Rate
gpavanette
$50 - Cap Rate
No new updates

$53,351
raised of $7,450,000

This project will only be funded if at least $7,450,000 is raised by July 16, 2020
Project sponsor
Equity Apple

Support this project

  • Property Type

    Multifamily

  • Cap Rate

    6.42%

  • Units

    17

  • Net Rentable

    29,525

  • Price/Unit

    $438,235.29

  • Permitted Zoning

    R-1-Pad

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