For our individual projects, you can invest up to 10 shares without being an accredited investor.
Venture on 19th
Preview Mode
You're viewing a preview of this offering. Investment features are disabled.
12%
PREFERRED RETURN
$1,000
MINIMUM INVESTMENT
2 Yrs
HOLD PERIOD
$1,400,000
MAX RAISE
$1,400,000
FUNDED
153
INVESTORS
100%
Overview
Venture on 19th consists of a 41-unit residential apartment development located at 4313 N 19th Avenue, Phoenix, Arizona 85015. The property was originally built in 1985 with 41 units, 17 units are small 1-bedroom with 1-bath and 24 units are larger 1-bedroom and 1-bathroom.
Venture on 19th is located right off N 19th Ave. and W Turney Ave. and creates a scenic neighborhood feel just steps away from the busy streets of Phoenix.
It is the intention of the Sponsor to do minor amenity add improvements to the property and use this as a stabilized cash-flowing property that will begin performing at a 6% annual cash distribution approximately one month after the purchase of the complex.
Key Highlights
- Because the property is stabilized at the time of purchase, we expect 6% annual cash distributions to begin within a month of purchasing the property
- No major renovations needed. We plan to add in-suite washer and dryers in 24 of the units and private patios to 8 of the units
- Venture on 19th is adjacent to the Grand Canalscape redevelopment area and is in close proximity to the light rail station
Ask a question
Project FAQs
Do you have to be an accredited investor?
We fully expect to either sell or refinance the property within two years. You are entitled to the 12% preferred return until either of those liquidity events occurs. Once a property is renovated, rented, and generating cash flow it gives us many options to either sell or refinance the project. We expect Venture on 19th to be stabilized and generating cash flow starting. During year two you can expect to receive quarterly dividends from the cash flow generated until the project is sold or refinanced.
Investment Features Locked
Sign in or create an account to invest in this offering
Sign In to Invest
Profile information needed
To invest, your Individual profile must be complete - including tax identification and contact details. Complete your profile and return to choose your investment amount.
Wait List
This offering is currently at capacity. Join the wait list and we'll contact you on a first-come, first-served basis if space becomes available for Venture on 19th.
✓
Thank you! Your interest has been submitted successfully. We'll be in touch soon.