Signature 18 is a 100% occupied, gated 18-unit apartment community strategically located in the heart of Central Phoenix. The asset delivers immediate cash flow with a strong 7.04% in-place cap rate and offers investors a projected 6.08% pro forma cap rate upon acquisition.
The property's central infill location provides exceptional access to Abrazo Central Campus, Christown Spectrum Mall, major employment centers, public transit, and key transportation corridors, making it a compelling investment opportunity in one of Phoenix's most established rental submarkets.
Under current ownership, the property has undergone extensive improvements including new desert landscaping, repaved parking areas, refreshed exterior paint and trim, modern LED motion-sensing lighting, upgraded security cameras, and newly installed modern gate locks. Operational upgrades include roof resealing with new elastomeric coating and pool pump enhancements for long-term efficiency.
Interior renovations feature updated kitchens with stainless steel appliances, contemporary tile bathrooms, wood flooring, built-in closets, and in-unit washers/dryers in select units. These improvements increase tenant appeal and support continued rent growth.
Signature 18 offers stable cash flow, minimal deferred maintenance, and long-term upside through continued interior improvements and market rent optimization. A turn-key multifamily asset in a high-demand Phoenix submarket. Full OM and financials available upon request.