Investment Overview

Advantageously placed just north of the Central Avenue and Maryland Avenue intersection, hidden within one of Central Phoenix's ultra affluent residential areas is a 9-unit apartment community, Hidden Court (“the property”). Conveniently located in the heart of the historic uptown submarket, its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access and simple passage to nearly any destination across The Valley. Additionally, nearby attractions include some of the most prominent employment and entertainment corridors in the state. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, the property benefits from employment opportunities provided by some of the most prolific companies in Arizona such as Banner Health and IBM. The nearby Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Built in 1957, Hidden Court is comprised of one-bedroom and two-bedroom floorplans covering an average of ±690 square feet. Future ownership will have the opportunity renovate 7 units with new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryer to capitalize on rent premium based on the current market and rents achieved by similar properties in the immediate surrounding area.