On offer as the subject of this memorandum is a multifamily investment opportunity that is without equal. Earll 14 offers residents a renovated, luxurious atmosphere in
Holiday Park, a neighborhood in the heart of Scottsdale, Arizona which is bereft of attainable housing at the subject property’s price point. Built in 1958 and renovated in 2023, Earll 14 is a single-level, low-density rental housing community in one of the most sought-after locations in the Southwest. Prescient design elements such as neutral color schemes, stainless steel appliances, wood-appearance soft plank flooring, and quartz countertops were incorporated in the Tier Two renovation campaign executed by current ownership. Such design features obviate the need for ongoing expensive maintenance requirements while adding a sensuous experience for the residents who call Earll 14 home. Soft-close cabinets, comfort floor finishes, and the inviting feel of quartz countertops in kitchens and baths create a feeling of ‘home’ for residents. It is not coincidental that the average tenancy spans 430 days and that any unit that becomes available is pre-leased prior to the vacating resident’s departure.