South Mountain
Square Apartments (Sold)
ASSET OVERVIEW
PHOENIX | ARIZONA
PERFORMANCE
Deal Multiple
3.10x
Total ROI
210%
IRR
38.2%
ABOUT THE ASSET
Caliber sold South Mountain Square Apartments in February 2022 for $10,750,000.
Acquired in December 2012 for $1,500,000, the 117-unit multi-family complex was renovated which included improvements to the clubhouse, pools and recreational area. Major employers in the area include the Phoenix Sky Harbor International Airport, Southwest Airlines, Honeywell Aerospace, Medtronic and more. It’s located just minutes to State Route 101, which provides residents with easy access throughout The Valley.
LOCATION
1630 E Baseline Rd, Phoenix, AZ
Want to know more about this specific asset?
211-CAL-101922