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Thunder Mountain Hotel Conversion
65 MF Units
LPs / Limited Partners
Convert from 100 Motel Rooms to 65 Units. Complete conversion within 12 months. Lease up to be completed, RUBS implementation. Refinance at 2 and 4 years of holding.
Location: Sierra Mesa, AZ
Property type: MF
# Units: 65
Year build: 1972 / 2021
Going in CAP rate: N/A
Rehab Budget: N/A
CoC: 8%
IRR: 17.90%
EM: 2.34
