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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