At 1802 Capital, we buy underachieving properties in overachieving markets. Our value-add model involves both interior and exterior renovations as well as adding NOI-generating lifestyle features. Some of our transformations can be seen in the photos below.
Magnolia Flats – Before & After
This two-story apartment building has 36 units, was built in 1971, and is located at 1720 Wooten Park Drive. Rents at purchase were well below market rates, and our intentions are to raise rents to keep pace with current market conditions.
Anderson Flats – Before & After
This two-story apartment building has 32 units, was built in 1969, and is located at 1220 W. Anderson Lane. Targeted improvements include interior as well as exterior upgrades to highly improve the aesthetics of both the interior and exterior of the living areas.
Suncourt Villas – Before & After
Suncourt Villas consists of multiple single-level fourplexes built in 1984. Suncourt Villas is located at 5825 E. University Ave in East Mesa, adjacent to Dreamland Villa Retirement Community.
Palm Square – Before & After
The second property in the 1802 Capital Fund X is Palm Square Apartments. It is an 18-unit property built in 1958 in Phoenix, AZ consisting of six studios, ten 1BR, and two 2BR apartments.
Sunset Mesa – Before & After
Sunset Mesa is a 40-unit apartment complex located at 237 South Ashland, Mesa, AZ 85204. It is a garden-style community with well-manicured landscaping and covered parking on both sides of the complex.