Villa Carmel

Offering Size

$6,300,000

Property Address

16225 North Cave Creek Rd, Phoenix, AZ 85032

Number of Units

146

SUMMary:

Villa Carmel Manufactured Home Community is in the city of Phoenix, Arizona. This community is a 146-space senior community with all city services and a full amenity package. Phoenix and the other surrounding suburb cities that are close by provide ample recreational activities and employment opportunities to residents. The current rents at this property are under market and Villa Carmel currently has seventeen vacant sites that we plan to fill and occupy. By filling the vacant spaces and raising the rents to market the property will experience an increase in revenue and value.

Minimum Investment: $10,000


Targeted Cash Flow: 6%


Distributions: Monthly


Targeted investor IRR: 25%


Property Features:

Pool & Spa Clubhouse, Laundry Facilities, Community Kitchen, Fitness Room, Billiard Tables, Pet-Friendly, Storage Yard, Senior Community, Great Location, Shuffleboard Court, Gated Entrance

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