Haven at Midtown

Haven at Midtown

Overview

222 West Clarendon Avenue,
Phoenix, Arizona 85013

An institutional-grade asset, Haven at Midtown is a 138-unit community constructed in 2002 on 2.9 acres located in an urban setting in Phoenix’s Midtown. The unit mix includes studio, one-bedroom one-bath, and two-bedroom two-bath units, with a weighted average unit size of 703 square feet. The units feature fully equipped kitchens, full-size in-unit washers and dryers, individually-controlled HVAC, individual water heaters, and patios and balconies. All of the unit interiors are outfitted with fire sprinklers. There are 114 garages, 24 covered parking spots, and 56 open parking spots. The community amenities include the office, clubhouse, gym, dog park, and a resort-style pool with a grilling area.

YEAR BUILT
2002
TOTAL UNITS
138
TYPE
Multifamily
TOTAL EQUITY RAISED
$19,000,000
PURCHASE PRICE
$37,000,000
acquisition date
6.30.2023
disposition date
sale price
hold period
irr
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