Investment Overview

Sunnyside Cottages is a 6-unit apartment community located southwest of the Cave Creek Road and Thunderbird Road intersection with outstanding views of North Mountain Park. With a centralized Phoenix location and placed less than two miles from State Route 51 (SR 51), convenient access is found to a plethora of employment, lifestyle, recreational attractions and a reasonable commute to destinations valley-wide. Led by a strong employment landscape, over ±169,100 employees and ±4,700 businesses are easily accessible throughout the Deer Valley/I-17 Employment Corridors and Kierland Corridor/ Scottsdale Airpark, headlined by tenants such as Vanguard, USAA, American Express, and Blue Cross Blue Shield. Additional desired destinations of Desert Ridge Marketplace, High Street, and the Paradise Valley Mall transformation provide renters a more diverse and robust lifestyle. Completed in 1949 and renovated in 2022, Sunnyside Cottages is comprised entirely of two-bedroom, one-bath floorplans, each offering 600 square feet. The community has undergone extensive exterior renovations including new A/C units, plumbing, electrical, and landscaping presenting a refreshed look that aligns with the neighborhood's aesthetic. In addition, the property offers on-site laundry for resident's convenience. Future ownership will have the opportunity to capitalize the current below market rents by increasing lease rates to a level achieved by similar properties in the surrounding area.